Conversion From Stock Form Depository Institution to Federal Stock Association
other · Treasury · Rule · Published 2001-05-08 · Effective 2001-07-09 · 66 FR 23153
Document
Document number
01-11573
Federal Register citation
66 FR 23153
CFR reference
12 CFR 552
Type
Rule
Action
Direct final rule.
Category
other
Sub-agency
Treasury
Publication date
2001-05-08
Effective date
2001-07-09
Treasury docket
No. 2001-34
Abstract
The Office of Thrift Supervision (OTS) is amending its regulation on conversions from stock from depository institutions to federal stock savings associations. This direct final rule clarifies that the resulting federal stock savings association in such transactions succeeds to all the rights, property, and obligations of the converting institution. This amendment merely codifies OTS's interpretation of its existing regulation.