Stock Purchase Subscription Rights – Received by Officers, Organization Directors, and their Associates – Subordination

Section 1075 Section 1075.1840  Stock Purchase Subscription Rights – Received by Officers, Organization Directors, and their Associates – Subordination Nontransferable subscription rights to purchase capital stock received by officers and organization directors and affiliated persons of the converting savings bank based on their increased deposits in the converting savings bank in the one-year period preceding the eligibility record date shall be subordinated to all other subscriptions involving the exercise of nontransferable subscription rights to purchase shares pursuant to Section 1075.1835.