Sec.36a-136-16. Distribution of offering circular

Latest version.

(a) A mutual savings and loan association may distribute a preliminary offering circular at the same time as or after it mails the proxy statement to its depositors.
(b) A converting institution shall not distribute an offering circular until the commissioner declares it effective.
(c) The offering circular shall be distributed not later than ten days after the commissioner declares it effective to persons listed in the plan of conversion.

(Adopted effective September 7, 2007)

                    
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