Title 12, Part 239 — Mutual Holding Companies (Regulation Mm)

Authority, purpose, and scope.

Definitions.

Mutual holding company reorganizations.

Grounds for disapproval of reorganizations.

Membership rights.

Contents of Reorganization Plans.

Acquisition and disposition of savings associations, savings and loan holding companies, and other corporations by mutual holding companies.

Operating restrictions.

Conversion or liquidation of mutual holding companies.

Procedural requirements.

Subsidiary holding companies.

Communication between members of a mutual holding company.

Charters.

Charter amendments.

Bylaws.

Voluntary dissolution.

Scope.

Charters.

Charter amendments.

Bylaws.

Issuances of stock by subsidiary holding companies of mutual holding companies.

Contents of Stock Issuance Plans.

Shareholders.

Board of directors.

Officers.

Certificates for shares and their transfer.

Annual reports; books and records.

Indemnification; employment contracts.

Indemnification of directors, officers and employees.

Employment contracts.

Purpose and scope.

Acquiring another insured stock depository institution as part of a conversion.

Definitions.

Prior to conversion.

Plan of conversion.

Filing requirements.

Vote by members.

Proxy solicitation.

Offering circular.

Offers and sales of stock.

Completion of the offering.

Completion of the conversion.

Liquidation accounts.

Post-conversion.

Contributions to charitable organizations.

Voluntary supervisory conversions.

Board review of the voluntary supervisory conversion application.