12 C.F.R. § 563b.520 May I declare or pay dividends after I convert?
Title 12 - Banks and Banking
You may declare or pay a dividend on your shares after you convert if: (a) The dividend will not reduce your regulatory capital below the amount required for your liquidation account under §563b.450; (b) You comply with all capital requirements under part 567 of this chapter after you declare or pay dividends; (c) You comply with the capital distribution requirements under part 563, subpart E, of this chapter; and (d) You do not return any capital, other than ordinary dividends, to purchasers during the term of the business plan submitted with the conversion.
Title 12: Banks and Banking
PART 563b—CONVERSIONS FROM MUTUAL TO STOCK FORM
Subpart A—Standard Conversions
Post-Conversion
§ 563b.520 May I declare or pay dividends after I convert?
