§ 192.610. Member rights in a voluntary supervisory conversion.
53 words·~1 min read·
/us/cfr/t12/s§ 192.610·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Savings association members do not have the right to approve or participate in a voluntary supervisory conversion, and will not have any legal or beneficial ownership interests in the converted association, unless the appropriate Federal banking agency provides otherwise. Savings association members may have interests in a liquidation account, if one is established.