Thrift Supervision Office July 9, 2008 – Federal Register Recent Federal Regulation Documents

Optional Charter Provisions in Mutual Holding Company Structures
Document Number: E8-14374
Type: Rule
Date: 2008-07-09
Agency: Department of the Treasury, Office of Thrift Supervision, Thrift Supervision Office, Department of Treasury
The Office of Thrift Supervision (OTS) is amending its mutual holding company (MHC) regulations to permit certain MHC subsidiaries to adopt an optional charter provision that would prohibit any person from acquiring, or offering to acquire, beneficial ownership of more than ten percent of the MHC subsidiary's minority stock (stock held by persons other than the subsidiary's MHC).