Title 12

SECTION 238.63

238.63 Requirements to engage in financial holding company activities.

§ 238.63 Requirements to engage in financial holding company activities.

(a) In general. In order for a savings and loan holding company to engage in financial holding company activities:

(1) The savings and loan holding company and all depository institutions controlled by the savings and loan holding company must be and remain well capitalized;

(2) The savings and loan holding company and all depository institutions controlled by the savings and loan company must be and remain well managed; and

(3) The savings and loan holding company must have made an effective election to be treated as a financial holding company.

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