In general. In order for a savings and loan holding company to engage in financial holding company activities:
The savings and loan holding company and all depository institutions controlled by the savings and loan holding company must be and remain well capitalized;
The savings and loan holding company and all depository institutions controlled by the savings and loan company must be and remain well managed; and
The savings and loan holding company must have made an effective election to be treated as a financial holding company.
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