12 C.F.R. § 563b.320 Who has priority to purchase my conversion shares?
Title 12 - Banks and Banking
You must offer to sell your shares in the following order: (a) Eligible account holders. (b) Tax-qualified employee stock ownership plans. (c) Supplemental eligible account holders. (d) Other voting members who have subscription rights. (e) Your community, your community and the general public, or the general public.
Title 12: Banks and Banking
PART 563b—CONVERSIONS FROM MUTUAL TO STOCK FORM
Subpart A—Standard Conversions
Offers and Sales of Stock
§ 563b.320 Who has priority to purchase my conversion shares?
