---
kind: "section"
citation: "12 C.F.R. § 192.400"
title: "12"
number: "192.400"
heading: "Time period for completion of sale of stock."
url: "https://uscodex.org/cfr/12/192.400"
---

# §192.400. Time period for completion of sale of stock.


A savings association must complete all sales of its stock within 45 calendar days after the last day of the subscription period, unless the offering is extended under [§ 192.405](/cfr/12/192.405.md).


## 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.