12 C.F.R. § 563b.395 What other conditions apply when I offer conversion shares in a community offering, a public offering, or both?
Title 12 - Banks and Banking
(a) You must offer and sell your stock to achieve a widespread distribution of the stock. (b) If you offer shares in a community offering, a public offering, or both, you must first fill orders for your stock up to a maximum of two percent of the conversion stock on a basis that will promote a widespread distribution of stock. You must allocate any remaining shares on an equal number of shares per order basis until you fill all orders.
Title 12: Banks and Banking
PART 563b—CONVERSIONS FROM MUTUAL TO STOCK FORM
Subpart A—Standard Conversions
Offers and Sales of Stock
§ 563b.395 What other conditions apply when I offer conversion shares in a community offering, a public offering, or both?
