12 C.F.R. PART 563b--CONVERSIONS FROM MUTUAL TO STOCK FORM
TITLE 12--Banks and Banking
CHAPTER V--OFFICE OF THRIFT SUPERVISION, DEPARTMENT OF THE TREASURY
PART 563b--CONVERSIONS FROM MUTUAL TO STOCK FORM
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| May I form a holding company as part of my conversion?
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| May I form a charitable organization as part of my conversion?
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| May I acquire another insured stock depository institution as part of my conversion?
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| What definitions apply to this part?
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Subpart A--STANDARD CONVERSIONS
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| What must I do before a conversion?
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| What information must I include in my business plan?
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| Who must review my business plan?
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| How will OTS review my business plan?
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| May I discuss my plans to convert with others?
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| Must my board of directors adopt a plan of conversion?
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| What must I include in my plan of conversion?
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| How do I notify my members that my board of directors approved a plan of conversion?
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| May I amend my plan of conversion?
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| What must I include in my application for conversion?
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| How do I file my application for conversion?
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| May I keep portions of my application for conversion confidential?
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| How do I amend my application for conversion?
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| How do I notify the public that I filed an application for conversion?
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| How may a person comment on my application for conversion?
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| What actions may OTS take on my application?
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| May a court review OTS's final action on my conversion?
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| Must I submit the plan of conversion to my members for approval?
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| How must I notify my members of the meeting?
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| What must I submit to OTS after the members' meeting?
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| Who must comply with these proxy solicitation provisions?
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| What must the form of proxy include?
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| May I use previously executed proxies?
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| How may I use proxies executed under this part?
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| What must I include in my proxy statement?
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| How do I file revised proxy materials?
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| Must I mail a member's proxy solicitation material?
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| What solicitations are prohibited?
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| What will OTS do if a solicitation violates these prohibitions?
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| Will OTS require me to re-solicit proxies?
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| What must happen before OTS declares my offering circular effective?
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| When may I distribute the offering circular?
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| When must I file a post-effective amendment to the offering circular?
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| Who has priority to purchase my conversion shares?
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| When may I offer to sell my conversion shares?
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| How do I price my conversion shares?
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| How do I sell my conversion shares?
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| What sales practices are prohibited?
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| How may a subscriber pay for my conversion shares?
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| Must I pay interest on payments for conversion shares?
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| What subscription rights must I give to each eligible account holder and each supplemental eligible account holder?
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| Are my officers, directors, and their associates eligible account holders?
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| May other voting members purchase conversion shares in the conversion?
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| Does OTS limit the aggregate purchases by officers, directors, and their associates?
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| How do I allocate my conversion shares if my shares are oversubscribed?
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| May my employee stock ownership plan purchase conversion shares?
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| May I impose any purchase limitations?
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| Must I provide a purchase preference to persons in my local community?
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| What other conditions apply when I offer conversion shares in a community offering, a public offering, or both?
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| When must I complete the sale of my stock?
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| How do I extend the offering period?
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| When must I complete my conversion?
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| Who may terminate the conversion?
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| What happens to my old charter?
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| What happens to my corporate existence after conversion?
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| What voting rights must I provide to stockholders after the conversion?
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| What must I provide my savings account holders?
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| What is a liquidation account?
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| What is the initial balance of the liquidation account?
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| How do I determine the initial balances of liquidation sub-accounts?
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| Do account holders retain any voting rights based on their liquidation sub-accounts?
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| Must I adjust liquidation sub-accounts?
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| Does the liquidation account affect my net worth?
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| What provision must I include in my new federal charter?
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| May I implement a stock option plan or management or employee stock benefit plan?
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| May my directors, officers, and their associates freely trade shares?
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| May I repurchase shares after conversion?
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| What information must I provide to OTS before I repurchase my shares?
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| May I declare or pay dividends after I convert?
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| Who may acquire my shares after I convert?
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| What other requirements apply after I convert?
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| May I donate conversion shares or conversion proceeds to a charitable organization?
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| How do my members approve a charitable contribution?
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| How much may I contribute to a charitable organization?
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| What must the charitable organization include in its organizational documents?
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| How do I address conflicts of interest involving my directors?
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| What other requirements apply to charitable organizations?
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Subpart B--VOLUNTARY SUPERVISORY CONVERSIONS
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| What does this subpart do?
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| How may I conduct a voluntary supervisory conversion?
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| Do my members have rights in a voluntary supervisory conversion?
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| When is a savings association eligible for a voluntary supervisory conversion?
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| When is a state-chartered savings bank eligible for a voluntary supervisory conversion?
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| What must I include in my plan of voluntary supervisory conversion?
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| What must I include in my voluntary supervisory conversion application?
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| Will OTS approve my voluntary supervisory conversion application?
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| What conditions will OTS impose on an approval?
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| Who may not acquire additional shares after the voluntary supervisory conversion?
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