04 NCAC 16G .0910. PROHIBITION OF OFFERS AND CERTAIN ACQUISITIONS

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Prior to completion of a conversion, no person shall make any offer, or any announcement of an offer, for any security of the converting savings bank issued in connection with the conversion nor shall any person knowingly acquire securities of the converted savings bank issued in connection with the conversion in excess of the maximum purchase limitations established in the approved plan of conversion.

History Note: Authority G.S. 54C‑33; 54C‑53.

Eff. February 15, 1992

                    
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