12 CFR 192.15 - Forming a charitable organization upon conversion.

Regulations last checked for updates: May 18, 2024

Title 12 - Banks and Banking last revised: May 14, 2024

View all text of Part 192 [§ 192.5 - § 192.690]

§ 192.15 - Forming a charitable organization upon conversion.

When a savings association converts to the stock form, it may form a charitable organization. A savings association's contributions to the charitable organization are governed by the requirements of §§ 192.550 through 192.575.

authority: 12 U.S.C. 1462a,1463,1464,1467a,2901

source: 85 FR 42643, July 14, 2020, unless otherwise noted.

cite as: 12 CFR 192.15