Code of Federal Regulations · Section
§ 192.690 — Restrictions On Acquisition Of Additional Shares After Voluntary Supervisory Conversion
12 C.F.R. § 192.690
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For three years after the completion of a voluntary supervisory conversion, neither the savings association nor its controlling shareholder(s) may acquire shares from minority shareholders without the appropriate Federal banking agency's prior approval.
Authorizing Statute
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Administrative provisions12 U.S.C. § 1462a
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Definitions and application15 U.S.C. § 78c