C.F.R. » Title 12 » CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY › PART 192—CONVERSIONS FROM MUTUAL TO STOCK FORM › Subpart B—Voluntary Supervisory Conversions

12 C.F.R. § 192.690

Restrictions on acquisition of additional shares after voluntary supervisory conversion

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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.