Arkansas Statutes

§ 23-37-704 — Contemporaneous conversion from federal mutual to state stock association

Arkansas·Title 23
(a)A federal association may file with the Savings and Loan Association Board [abolished] a joint petition for authority to convert from a federal association to a state-chartered association and contemporaneously to convert from a mutual association to a stock association.
(b)Pursuant to the provisions of § 23-37-703 , the board may hold a hearing on the petition and issue its certificate of preliminary approval to a contemporaneous conversion from a federal association to a state-chartered stock association.

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Arkansas § 23-37-704 (Contemporaneous conversion from federal mutual to state stock association) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Acts 1963, No. 227, § 52; 1973, No. 292, § 5; A.S.A. 1947, § 67-1852.

Nearby Sections

15
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