Title 12

SECTION 238.103

238.103 Filing requirement.

§ 238.103 Filing requirement.

(a) Filing. A subsidiary savings association of a savings and loan holding company must file a notice with the appropriate Reserve Bank on the designated form at least 30 days before the proposed declaration of a dividend by its board of directors.

(b) Schedules. A notice may include a schedule proposing dividends over a specified period, not to exceed 12 months.

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