Number: RS22457
Title: Conversion of a Savings Association from the Mutual to the Stock Form of Ownership: Current Legal Process
Authors: Michael V. Seitzinger, American Law Division 
Abstract: A savings association is permitted by statute to convert from the mutual to the stock form of ownership. Regulations issued by the Director of the Office of Thrift Supervision provide the procedures by which a conversion may occur. This report summarizes major portions of these regulations.
Pages: 5
Date: June 14, 2006