(a) At expiration of period. A proposed director or senior executive officer may begin service at
the end of the 30-day period and any extension as provided under section
238.74 unless the Board or Reserve Bank notifies you that it has disapproved
the notice before the end of the period.
(b) Prior to expiration of period. A proposed director or senior executive officer may begin service
before the end of the 30-day period and any extension as provided under
section 238.74 of this section, if the Board or the Reserve Bank notifies in
writing the savings and loan holding company or individual submitting the
notice of the Board’s or Reserve Bank’s intention not to disapprove the
notice.
