§ 238.101. Authority and purpose.
51 words·~1 min read·
/us/cfr/t12/s§ 238.101·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
This subpart implements section 10(f) of HOLA which requires savings associations with holding companies to provide the Board not less than 30 days' notice of a proposed declaration of a dividend. This subpart applies to all declarations of dividends by a subsidiary savings association of a savings and loan holding company.