12 C.F.R. § 563b.550 May I donate conversion shares or conversion proceeds to a charitable organization?
Title 12 - Banks and Banking
You may contribute some of your conversion shares or proceeds to a charitable organization if: (a) Your plan of conversion provides for the proposed contribution; (b) Your members approve the proposed contribution; and (c) The IRS either has approved, or approves within two years after formation, the charitable organization as a tax-exempt charitable organization under the Internal Revenue Code.
Title 12: Banks and Banking
PART 563b—CONVERSIONS FROM MUTUAL TO STOCK FORM
Subpart A—Standard Conversions
Contributions to Charitable Organizations
§ 563b.550 May I donate conversion shares or conversion proceeds to a charitable organization?
