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  4. SECTION 238.101
4-760

SUBPART K—DIVIDENDS BY SUBSIDIARY SAVINGS ASSOCIATIONS

SECTION 238.101—Authority and Purpose

This subpart implements section 10(f) of HOLA which requires savings associations with holding companies to provide the Board not less than 30 days’ notice of a proposed declaration of a dividend. This subpart applies to all declarations of dividends by a subsidiary savings association of a savings and loan holding company.
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