§ 192.690. Restrictions on acquisition of additional shares after voluntary supervisory conversion.
33 words·~1 min read·
/us/cfr/t12/s§ 192.690·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For three years after the completion of a voluntary supervisory conversion, neither the savings association nor its controlling shareholder(s) may acquire shares from minority shareholders without the appropriate Federal banking agency's prior approval.