Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 192  /  Sec. 192.610 Do my members have rights in a voluntary supervisory

Your members do not have the right to approve or participate in a voluntary supervisory conversion, and will not have any legal or beneficial ownership interests in the converted association, unless the appropriate Federal banking agency provides otherwise. Your members may have interests in a liquidation account, if one is established.

Eligibility