12 C.F.R. PART 563b--CONVERSIONS FROM MUTUAL TO STOCK FORM


TITLE 12--Banks and Banking

CHAPTER V--OFFICE OF THRIFT SUPERVISION, DEPARTMENT OF THE TREASURY

PART 563b--CONVERSIONS FROM MUTUAL TO STOCK FORM

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�563b.5
What does this part do?
�563b.10
May I form a holding company as part of my conversion?
�563b.15
May I form a charitable organization as part of my conversion?
�563b.20
May I acquire another insured stock depository institution as part of my conversion?
�563b.25
What definitions apply to this part?

Subpart A--STANDARD CONVERSIONS

�563b.100
What must I do before a conversion?
�563b.105
What information must I include in my business plan?
�563b.110
Who must review my business plan?
�563b.115
How will OTS review my business plan?
�563b.120
May I discuss my plans to convert with others?
�563b.125
Must my board of directors adopt a plan of conversion?
�563b.130
What must I include in my plan of conversion?
�563b.135
How do I notify my members that my board of directors approved a plan of conversion?
�563b.140
May I amend my plan of conversion?
�563b.150
What must I include in my application for conversion?
�563b.155
How do I file my application for conversion?
�563b.160
May I keep portions of my application for conversion confidential?
�563b.165
How do I amend my application for conversion?
�563b.180
How do I notify the public that I filed an application for conversion?
�563b.185
How may a person comment on my application for conversion?
�563b.200
What actions may OTS take on my application?
�563b.205
May a court review OTS's final action on my conversion?
�563b.225
Must I submit the plan of conversion to my members for approval?
�563b.230
Who is eligible to vote?
�563b.235
How must I notify my members of the meeting?
�563b.240
What must I submit to OTS after the members' meeting?
�563b.250
Who must comply with these proxy solicitation provisions?
�563b.255
What must the form of proxy include?
�563b.260
May I use previously executed proxies?
�563b.265
How may I use proxies executed under this part?
�563b.270
What must I include in my proxy statement?
�563b.275
How do I file revised proxy materials?
�563b.280
Must I mail a member's proxy solicitation material?
�563b.285
What solicitations are prohibited?
�563b.290
What will OTS do if a solicitation violates these prohibitions?
�563b.295
Will OTS require me to re-solicit proxies?
�563b.300
What must happen before OTS declares my offering circular effective?
�563b.305
When may I distribute the offering circular?
�563b.310
When must I file a post-effective amendment to the offering circular?
�563b.320
Who has priority to purchase my conversion shares?
�563b.325
When may I offer to sell my conversion shares?
�563b.330
How do I price my conversion shares?
�563b.335
How do I sell my conversion shares?
�563b.340
What sales practices are prohibited?
�563b.345
How may a subscriber pay for my conversion shares?
�563b.350
Must I pay interest on payments for conversion shares?
�563b.355
What subscription rights must I give to each eligible account holder and each supplemental eligible account holder?
�563b.360
Are my officers, directors, and their associates eligible account holders?
�563b.365
May other voting members purchase conversion shares in the conversion?
�563b.370
Does OTS limit the aggregate purchases by officers, directors, and their associates?
�563b.375
How do I allocate my conversion shares if my shares are oversubscribed?
�563b.380
May my employee stock ownership plan purchase conversion shares?
�563b.385
May I impose any purchase limitations?
�563b.390
Must I provide a purchase preference to persons in my local community?
�563b.395
What other conditions apply when I offer conversion shares in a community offering, a public offering, or both?
�563b.400
When must I complete the sale of my stock?
�563b.405
How do I extend the offering period?
�563b.420
When must I complete my conversion?
�563b.425
Who may terminate the conversion?
�563b.430
What happens to my old charter?
�563b.435
What happens to my corporate existence after conversion?
�563b.440
What voting rights must I provide to stockholders after the conversion?
�563b.445
What must I provide my savings account holders?
�563b.450
What is a liquidation account?
�563b.455
What is the initial balance of the liquidation account?
�563b.460
How do I determine the initial balances of liquidation sub-accounts?
�563b.465
Do account holders retain any voting rights based on their liquidation sub-accounts?
�563b.470
Must I adjust liquidation sub-accounts?
�563b.475
What is a liquidation?
�563b.480
Does the liquidation account affect my net worth?
�563b.485
What provision must I include in my new federal charter?
�563b.500
May I implement a stock option plan or management or employee stock benefit plan?
�563b.505
May my directors, officers, and their associates freely trade shares?
�563b.510
May I repurchase shares after conversion?
�563b.515
What information must I provide to OTS before I repurchase my shares?
�563b.520
May I declare or pay dividends after I convert?
�563b.525
Who may acquire my shares after I convert?
�563b.530
What other requirements apply after I convert?
�563b.550
May I donate conversion shares or conversion proceeds to a charitable organization?
�563b.555
How do my members approve a charitable contribution?
�563b.560
How much may I contribute to a charitable organization?
�563b.565
What must the charitable organization include in its organizational documents?
�563b.570
How do I address conflicts of interest involving my directors?
�563b.575
What other requirements apply to charitable organizations?
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Subpart B--VOLUNTARY SUPERVISORY CONVERSIONS

�563b.600
What does this subpart do?
�563b.605
How may I conduct a voluntary supervisory conversion?
�563b.610
Do my members have rights in a voluntary supervisory conversion?
�563b.625
When is a savings association eligible for a voluntary supervisory conversion?
�563b.630
When is a state-chartered savings bank eligible for a voluntary supervisory conversion?
�563b.650
What must I include in my plan of voluntary supervisory conversion?
�563b.660
What must I include in my voluntary supervisory conversion application?
�563b.670
Will OTS approve my voluntary supervisory conversion application?
�563b.675
What conditions will OTS impose on an approval?
�563b.680
How do I sell my shares?
�563b.690
Who may not acquire additional shares after the voluntary supervisory conversion?
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