View all text of Subjgrp 77 [§ 192.320 - § 192.395]
§ 192.370 - Limits on aggregate purchases by officers, directors, and associates.
(a) In general. When a savings association converts, its officers, directors, and their associates may not purchase, in the aggregate, more than the following percentage of the savings association's total stock offering:
Table 1 to § 192.370(
| Institution size | Officer and
director purchases (percent) | $50,000,000 or less | 35 | $50,000,001-100,000,000 | 34 | $100,000,001-150,000,000 | 33 | $150,000,001-200,000,000 | 32 | $200,000,001-250,000,000 | 31 | $250,000,001-300,000,000 | 30 | $300,000,001-350,000,000 | 29 | $350,000,001-400,000,000 | 28 | $400,000,001-450,000,000 | 27 | $450,000,001-500,000,000 | 26 | Over $500,000,000 | 25 |
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(b) Exception. The purchase limitations in this section do not apply to shares held in tax-qualified employee stock benefit plans that are attributable to the savings association's officers, directors, and their associates.