New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 86 - Organization And Operation Of Stock-form Savings Banks And Savings And Loan Associations
Section 86.10 - Limitations on certain acquisitions of control of stock-form thrift institutions

Universal Citation: 3 NY Comp Codes Rules and Regs § 86.10

Current through Register Vol. 46, No. 12, March 20, 2024

An organization certificate of a converting thrift may contain provisions, the effect of which would be to prohibit the acquisition of control of the converted stock-form thrift institution for a period not exceeding three years from the effective date of the conversion from mutual to stock-form.

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