Office of Thrift Supervision June 27, 2007 – Federal Register Recent Federal Regulation Documents

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Optional Charter Provisions in Mutual Holding Company Structures

Document Number: E7-12172

Type: Proposed Rule

Date: 2007-06-27

Agency: Department of the Treasury, Office of Thrift Supervision, Thrift Supervision Office, Department of Treasury

The Office of Thrift Supervision (OTS) is proposing to amend 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).

https://regulations.justia.com/regulations/fedreg/2007/06/27/E7-12172.html

Stock Benefit Plans in Mutual-to-Stock Conversions and Mutual Holding Company Structures

Document Number: E7-12168

Type: Rule

Date: 2007-06-27

Agency: Department of the Treasury, Office of Thrift Supervision, Thrift Supervision Office, Department of Treasury

The Office of Thrift Supervision (OTS) is clarifying its regulations regarding stock benefit plans established after mutual-to- stock conversions or in mutual holding company structures. In addition, OTS is modifying the voting requirements for the adoption of certain stock benefit plans in mutual holding company structures by providing that the plans must be approved by a majority of the minority shares voting on the plan. Also, OTS is making several minor changes to the regulations governing mutual-to-stock conversions and minority stock issuances.

https://regulations.justia.com/regulations/fedreg/2007/06/27/E7-12168.html