12 C.F.R. · Banks and Banking
12 C.F.R. § 192.555

Member approval of charitable contributions.

Title 12 C.F.R. ● ACTIVE Primary Source
Regulatory Text

12 C.F.R. § 192.555 — Member approval of charitable contributions.

§ 192.555 Member approval of charitable contributions. At the meeting to consider the conversion, a savings association's members must separately approve, by a majority of the total eligible votes, a charitable contribution of conversion shares or proceeds. If the savings association is in mutual holding company form and adding a charitable contribution as part of a second step stock conversion, the savings association must also have its minority shareholders separately approve the charitable contribution by a majority of their total eligible votes.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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Federation ID
BS-CFR12-SEC-B37B34
Entity Class
REGULATION / FEDERAL-CFR-SECTION
Domain Signature
boisestandard.org
Citation
12 C.F.R. § 192.555
Corpus
CFR — Code of Federal Regulations
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
946281932b4a979b...
Semantic Edges
Pending — corpus passes queued
The regulatory text of 12 C.F.R. § 192.555 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 12 12 C.F.R. § 192.555