Code of Massachusetts Regulations
209 CMR - DIVISION OF BANKS AND LOAN AGENCIES
Title 209 CMR 33.00 - Conversion By Co-operative Banks And Savings Banks From Mutual To Stock Form
Section 33.37 - Optional Provisions in Plans of Conversion and Stock Issuance Plans
Universal Citation: 209 MA Code of Regs 209.33
Current through Register 1531, September 27, 2024
Notwithstanding any other provisions of 209 CMR 33.32 through 33.41, the Plan of Conversion and Stock Issuance Plan may provide any or all of the optional provisions found in 209 CMR 33.28(2) and 209 CMR 33.06, unless inapplicable or inappropriate, as determined by the Commissioner. For these purposes, the term "subsidiary banking institution" as it appears in 209 CMR 33.28(2) and the term "converted or converting bank" as it appears in 209 CMR 33.06, shall be deemed to refer to the converting mutual holding company, unless the context requires otherwise.
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