---
kind: "section"
citation: "12 C.F.R. § 192.455"
title: "12"
number: "192.455"
heading: "Initial balance of liquidation account."
url: "https://uscodex.org/cfr/12/192.455"
---

# §192.455. Initial balance of liquidation account.


The initial balance of the liquidation account is the savings association's net worth in the statement of financial condition included in the final offering circular.


## 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.