---
kind: "section"
citation: "12 C.F.R. § 192.425"
title: "12"
number: "192.425"
heading: "Termination of conversion."
url: "https://uscodex.org/cfr/12/192.425"
---

# §192.425. Termination of conversion.


A conversion may be terminated by:

- (a) A savings association's members failing to approve the conversion at its members' meeting;
- (b) A savings association before its members' meeting; or
- (c) A savings association after the members' meeting, but only if the appropriate Federal banking agency concurs.

## 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.