§ 192.320 Order of priority to purchase conversion shares.
Current through Oct 1, 2026 · Read all of Part 192
A savings association must offer to sell its shares in the following order:
(a) Eligible account holders.
(b) Tax-qualified employee stock ownership plans.
(c) Supplemental eligible account holders.
(d) Other voting members who have subscription rights.
(e) The savings association's community, its community and the general public, or the general public.