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

Arkansas Statutes

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

Arkansas § 23-37-704

Title23

This text of Arkansas § 23-37-704 (Contemporaneous conversion from federal mutual to state stock association) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-37-704 (2026).

Text

(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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(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.