§ 192.425. Termination of conversion.
46 words·~1 min read·
/us/cfr/t12/s§ 192.425·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A conversion may be terminated by:
(a)A savings association's members failing to approve the conversion at its members' meeting;
(b)A savings association before its members' meeting; or
(c)A savings association after the members' meeting, but only if the appropriate Federal banking agency concurs.