---
kind: "section"
citation: "12 C.F.R. § 192.235"
title: "12"
number: "192.235"
heading: "Notice of members' meeting."
url: "https://uscodex.org/cfr/12/192.235"
---

# §192.235. Notice of members' meeting.

- (a) **In general.** A savings association must notify its members of the meeting to consider its conversion by sending the members a proxy statement cleared by the appropriate Federal banking agency.
- (b) **Timing of notice.** The savings association must notify its members 20 to 45 calendar days before the meeting, unless the savings association is State-chartered and State law requires a different notice period.
- (c) **Notice to beneficial account holders.** The savings association must also notify each beneficial holder of an account held in a fiduciary capacity:
  - (1) If the savings association is a Federal savings association, and the name of the beneficial holder is disclosed on the savings association's records; or
  - (2) If the savings association is a State-chartered savings association and the beneficial holder possesses voting rights under State law.

## Notes

### Authority

Authority: 12 U.S.C. 1462a, 1463, 1464, 1467a, 2901 et seq., 5412(b)(2)(B); 15 U.S.C. 78c, 78 l , 78m, 78n, 78w.

### Source

Source: 85 FR 42643, July 14, 2020, unless otherwise noted.