§ 239.51. Acquiring another insured stock depository institution as part of a conversion.
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/us/cfr/t12/s§ 239.51·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When a mutual holding company converts to stock form, the subsidiary savings association may acquire for cash or stock another insured depository institution that is already in the stock form of ownership.