12 C.F.R. § 563b.390 Must I provide a purchase preference to persons in my local community?
Title 12 - Banks and Banking
(a) In your subscription offering, you may give a purchase preference to eligible account holders, supplemental eligible account holders, and voting members residing in your local community. (b) In your community offering, you must give a purchase preference to natural persons residing in your local community.
Title 12: Banks and Banking
PART 563b—CONVERSIONS FROM MUTUAL TO STOCK FORM
Subpart A—Standard Conversions
Offers and Sales of Stock
§ 563b.390 Must I provide a purchase preference to persons in my local community?
