12 CFR § 192.360 - Officers, directors, and associates as eligible account holders.

---
identifier: "/us/cfr/t12/s192.360"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 192.360 - Officers, directors, and associates as eligible account holders."
title_number: 12
title_name: "Banks and Banking"
section_number: "192.360"
section_name: "Officers, directors, and associates as eligible account holders."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "192"
part_name: "CONVERSIONS FROM MUTUAL TO STOCK FORM"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1462a, 1463, 1464, 1467a, 2901  5412(b)(2)(B); 15 U.S.C. 78c, 78, 78m, 78n, 78w."
regulatory_source: "85 FR 42643, July 14, 2020, unless otherwise noted."
cfr_part: "192"
---


# 192.360 Officers, directors, and associates as eligible account holders.

A savings association's officers, directors, and their associates may be eligible account holders. However, if an officer, director, or his or her associate receives subscription rights based on increased deposits in the year before the eligibility record date, the savings association must subordinate subscription rights for these deposits to subscription rights exercised by other eligible account holders.