Optional Provisions in Plans of Conversion and Stock Issuance Plans

Notwithstanding any other provisions of 209 CMR 33.32 through 33.41, the Plan of Conversion and Stock Issuance Plan may provide any or all of the optional provisions found in 209 CMR 33.28(2) and 209 CMR 33.06, unless inapplicable or inappropriate, as determined by the Commissioner. For these purposes, the term "subsidiary banking institution" as it appears in 209 CMR 33.28(2) and the term "converted or converting bank" as it appears in 209 CMR 33.06, shall be deemed to refer to the converting mutual holding company, unless the context requires otherwise.