Source: http://www.law.cornell.edu/cfr/text/12/552.13
Timestamp: 2014-03-10 23:32:20
Document Index: 396308597

Matched Legal Cases: ['art 552', '§ 552', '§ 561', 'art 563', '§ 563', '§ 563', '§ 563']

12 CFR 552.13 - Combinations involving Federal stock associations. | LII / Legal Information Institute
CFR › Title 12 › Chapter V › Part 552 › Section 552.13 12 CFR 552.13 - Combinations involving Federal stock associations.
The following definitions apply to §§ 552.13 and 552.14 of this part:
Disappearing institution.
Mutual savings association.
Resulting institution.
Savings association has the same meaning as defined in § 561.43 of this chapter.
Forms of combination.
The transaction is approved under part 563b of this chapter;
Combination agreement.
The combination receives any necessary approval from the Office pursuant to § 563.22 (a) or (c);
In the case of a transaction requiring a notification pursuant to § 563.22(b), notification has been provided to the OTS; or
In the case of a transaction requiring a notice pursuant to § 563.22(c), the notice has been filed, and the appropriate period of time has passed or the OTS has advised the parties that it will not disapprove the transaction;
Approval by stockholders—
Exceptions for certain combinations involving an interim association.
Articles of combination.
Following stockholder approval of any combination in which a Federal savings association is the resulting institution, articles of combination shall be executed in duplicate by each constituent institution, by its chief executive officer or executive vice president and by its secretary or an assistant secretary, and verified by one of the officers of each institution signing such articles, and shall set forth:
Both sets of articles of combination shall be filed with the Office. If the Office determines that such articles conform to the requirements of this section, the Office shall endorse the articles and return one set to the resulting institution.
Mergers and consolidations: transfer of assets and liabilities to the resulting institution.