C.F.R. » Title 12 » CHAPTER II—FEDERAL RESERVE SYSTEM › SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM › PART 239—MUTUAL HOLDING COMPANIES (REGULATION MM) › Subpart E—Conversions From Mutual to Stock Form

12 C.F.R. § 239.51

Acquiring another insured stock depository institution as part of a conversion

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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.