---
kind: "section"
citation: "12 C.F.R. § 192.445"
title: "12"
number: "192.445"
heading: "Savings account holder's account after conversion."
url: "https://uscodex.org/cfr/12/192.445"
---

# §192.445. Savings account holder's account after conversion.

- (a) **In general.** The savings association must provide each savings account holder, without payment, a withdrawable savings account or accounts in the same amount and under the same terms and conditions as their accounts before the conversion.
- (b) **Liquidation account.** The savings association must provide a liquidation account for each eligible and supplemental eligible account holder under [§ 192.450](/cfr/12/192.450.md).
- (c) **Voting rights.** If the savings association is State-chartered and State law requires the savings association to provide voting rights to savings account holders or borrowers, the charter must:
  - (1) Limit these voting rights to the minimum required by State law; and
  - (2) Require the savings association to solicit proxies from the savings account holders and borrowers in the same manner that the savings association solicits proxies from its stockholders.

## 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.