You must notify your members of the meeting to consider your conversion by sending the members a proxy statement cleared by the appropriate Federal banking agency.
You must notify your members 20 to 45 days before your meeting, unless you are a state-chartered savings association and state law requires a different notice period.
You must also notify each beneficial holder of an account held in a fiduciary capacity:
If you are a Federal savings association, and the name of the beneficial holder is disclosed on your records; or
If you are a state-chartered association and the beneficial holder possesses voting rights under state law.
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