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Conversion of a Savings Association from the Mutual to the Stock Form of Ownership: Current Legal Process

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Publication Date: June 2006

Publisher(s): Library of Congress. Congressional Research Service

Series: RS22457

Topic: Banking and finance (Banking operations and services)

Abstract:

A savings association is permitted by statute to convert from the mutual to the stock form of ownership. Regulations issued by the Director of the Office of Thrift Supervision provide the procedures by which a conversion may occur. This report summarizes major portions of these regulations. This report will be updated as warranted.