Purpose and scope.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (1) Specifies the requirement(s) or provision(s) that the mutual holding company wants the Board to waive; (2) Demonstrates that the waiver is equitable; is not detrimental to the mutual holding company, mutual members, or other mutual holding companies or savings associations; and is not contrary to the public interest; and (3) Includes an opinion of counsel demonstrating that applicable law does not conflict with the waiver of the requirement or provision.

official document · source cfr-2024 · id 12:§ 239.50