Code of Federal Regulations · Section

§ 192.390 — Community Offering Of Conversion Shares

12 C.F.R. § 192.390

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(a) Purchase preference in subscription offering. In a subscription offering, a savings association may give a purchase preference to eligible account holders, supplemental eligible account holders, and voting members residing in its local community.

(b) Purchase preference in community offering. In a community offering, a savings association must give a purchase preference to natural persons residing in its local community.

12 C.F.R. § 192.385 12 C.F.R. § 192.395

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