SECTION .0900 ‑ REORGANIZING STOCK ASSOCIATION INTO

HOLDING COMPANY

 

04 NCAC 16I .0901            REQUIRED ACQUISITION APPLICATION

A stock savings institution may be controlled by a holding

company by means of a plan of reorganization.  This may be accomplished by filing

with the Administrator one manually signed copy of an Acquisition Application. 

For the purposes of filing the application, the applicant shall be considered a

holding company, even though it may not yet control a stock savings

institution.

 

History Note:        Filed as a Temporary Amendment Eff.

October 2, 1991 for a period of 180 days to expire on

March 31, 1992;

Statutory Authority G.S. 54B‑55; 54B‑261; 54B‑262;

54C‑53; 54C‑195; 54C‑196;

Eff. July 1, 1983;

Amended Eff. February 15, 1992; July 1, 1990.