12 CFR 192.370 - Does the appropriate Federal banking agency 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
|$50,000,000 or less||35|
(b) The purchase limitations in this section do not apply to shares held in tax-qualified employee stock benefit plans that are attributable to your officers, directors, and their associates.
Title 12 published on 2015-01-01
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 192 after this date.