---
kind: "section"
citation: "12 C.F.R. § 238.73"
title: "12"
number: "238.73"
heading: "Prior notice requirements."
url: "https://uscodex.org/cfr/12/238.73"
---

# §238.73. Prior notice requirements.

- (a) **Savings and loan holding company.** Except as provided under [§ 238.78](/cfr/12/238.78.md), a savings and loan holding company must give the Board 30 days' written notice, as specified in [§ 238.74](/cfr/12/238.74.md), before adding or replacing any member of its board of directors, employing any person as a senior executive officer, or changing the responsibilities of any senior executive officer so that the person would assume a different senior executive position if the savings and loan holding company is in troubled condition.
- (b) **Notice by individual.** An individual seeking election to the board of directors of a savings and loan holding company described in [paragraph (a)](#a) of this section that has not been nominated by management, must either provide the prior notice required under [paragraph (a)](#a) of this section or follow the process under [§ 238.78(b)](/cfr/12/238.78.md?p=b).

## Notes

### Authority

Authority: 5 U.S.C. 552, 559; 12 U.S.C. 1462, 1462a, 1463, 1464, 1467, 1467a, 1468, 5365; 1813, 1817, 1829e, 1831i, 1972, 15 U.S.C. 78 l.

### Source

Source: Reg. LL, 76 FR 56532, Sept. 13, 2011, unless otherwise noted.