12 C.F.R. § 563b.445 What must I provide my savings account holders?
Title 12 - Banks and Banking
(a) You must provide each savings account holder, without payment, a withdrawable savings account or accounts in the same amount and under the same terms and conditions as their accounts before your conversion. (b) You must provide a liquidation account for each eligible and supplemental eligible account holder under §563b.450. (c) If you are a state-chartered savings association and state law requires you to provide voting rights to savings account holders or borrowers, your charter must: (1) Limit these voting rights to the minimum required by state law; and (2) Require you to solicit proxies from the savings account holders and borrowers in the same manner that you solicit proxies from your stockholders.
Title 12: Banks and Banking
PART 563b—CONVERSIONS FROM MUTUAL TO STOCK FORM
Subpart A—Standard Conversions
Completion of the Conversion
§ 563b.445 What must I provide my savings account holders?
