1. Regulations
  2. title 12
  3. chapter II-i2
  4. part 239
  5. subpart E
  6. § 239.51

View all text of Subpart E [§ 239.50 - § 239.66]

§ 239.51 - Acquiring another insured stock depository institution as part of a conversion.

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.

AUTHORITY: 12 U.S.C. 1462, 1462a, 1464, 1467a, 1828, and 2901.

SOURCE: Reg. MM, 76 FR 56357, Sept. 13, 2011, unless otherwise noted.

CITE AS: 12 CFR 239.51