R.C.S.A. § 36a-136-32

Other conditions applicable to the offering of conversion shares in a community offering, a public offering or both

SupersededLast amended: 2007Year: 2026Length: 92 wordsOfficial source

Cite as Conn. Agencies Regs. § 36a-136-32

a public offering or both (a) The converting institution shall offer and sell its stock to achieve a widespread distribution of the stock. (b) If the converting institution offers shares in a community offering, a public offering or both, the converting institution shall first fill orders for its stock up to a maximum of two per cent of the conversion stock on a basis that will promote a widespread distribution of stock. Any remaining shares shall be allocated on an equal number of shares per order basis until all orders are filled.
R.C.S.A. § 36a-136-32: Other conditions applicable to the offering of conversion shares in a community offering, a public offering or both | Justis AI