Regulations last checked for updates: Jun 16, 2024

Title 12 - Banks and Banking last revised: Jun 11, 2024
§ 192.395 - Other conditions for community and public offerings.

A savings association must offer and sell its stock to achieve a widespread distribution of the stock. If a savings association offers shares in a community offering, a public offering, or both, it must first fill orders for its stock up to a maximum of two percent of the conversion stock on a basis that will promote a widespread distribution of stock. The savings association must allocate any remaining shares on an equal number of shares per order basis until it fills all orders.

source: 85 FR 42643, July 14, 2020, unless otherwise noted.
cite as: 12 CFR 192.395