# Mutual Savings Associations, Mutual Holding Company Reorganizations, and Conversions From Mutual to Stock Form
> **Treasury** · Final rule. · Published 2002-08-09 · Effective 2002-10-01 · 67 FR 52010
## Document
- **Document number:** 02-19730
- **Category:** other
- **Sub-agency:** Treasury
- **Federal Register citation:** 67 FR 52010
- **CFR reference:** 12 CFR 563
- **Publication date:** 2002-08-09
- **Effective date:** 2002-10-01
- **Treasury docket:** No. 2002-34
## Abstract

The Office of Thrift Supervision (OTS) is amending its regulations on the mutual-to-stock conversion process and portions of its regulations on mutual holding company reorganizations. This rule is based on the Notice of Proposed Rulemaking (First Proposal) and the Interim Final Rule, published July 12, 2000, and a re-proposed regulation (Re-proposal), published April 9, 2002. This final rule includes modifications to the provisions addressing business plans. In addition, it addresses certain matters involving conversions from the mutual to the stock form, by, among other things, adding demand account holders to the definition of savings account holders, allowing accelerated vesting in management benefit plans for changes of control, adding rules to establish charitable organizations, and clarifying the policy on the amount of proceeds allowed to be retained at the holding company level.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2002/08/09/02-19730/mutual-savings-associations-mutual-holding-company-reorganizations-and-conversions-from-mutual-to)
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