12 CFR 563b.370 - Does OTS limit the aggregate purchases by officers, directors, and their associates?
(a) When you convert, your officers, directors, and their associates may not purchase, in the aggregate, more than the following percentage of your total stock offering:
|Institution size||Officer and director purchases (percent)|
|$50,000,000 or less||35|
Title 12 published on 2013-01-01
no entries appear in the Federal Register after this date.