§ 9-632. Procedure for conversion

Latest version.

   To convert to a commercial bank, a capital stock savings and loan shall deliver to the Commissioner:

   (1) A filing fee of $ 1,000;

   (2) An application for conversion;

   (3) A certified copy of the resolution of the board of directors that authorizes the conversion;

   (4) The proposed amended charter and bylaws amendments;

   (5) The proposed notice of the meeting to consider conversion, and the time and manner in which notice will be given to stockholders;

   (6) The proposed proxy statement;

   (7) The proposed plan of conversion; and

   (8) Any additional documents required by the Commissioner.

HISTORY: 1986, ch. 591; 1996, ch. 326, § 2.

                    
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