---
kind: "section"
citation: "12 C.F.R. § 239.51"
title: "12"
number: "239.51"
heading: "Acquiring another insured stock depository institution as part of a conversion."
url: "https://uscodex.org/cfr/12/239.51"
---

# §239.51. Acquiring another insured stock depository institution as part of a conversion.


When a mutual holding company converts to stock form, the subsidiary savings association may acquire for cash or stock another insured depository institution that is already in the stock form of ownership.


## Notes

### Authority

Authority: 12 U.S.C. 1462, 1462a, 1464, 1467a, 1828, and 2901.

### Source

Source: Reg. MM, 76 FR 56357, Sept. 13, 2011, unless otherwise noted.