§ 9-635. Meeting for consideration of plan of conversion

Latest version.

(a) Call of meeting by board of directors. -- On receipt of the Commissioner's letter of preliminary approval, the board of directors of the converting association shall call a meeting of the members for the purpose of considering the plan of conversion to a commercial bank.

(b) Notice of meeting. -- At least 10 days, but not more than 90 days, before the meeting, the converting association shall mail notice of the meeting to all members entitled to vote.

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

                    
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