Maine Statutes
§ 9-B §875 — Conversion: change in type of state charter
Maine·Title 9-B FINANCIAL INSTITUTIONS·Part 8 CREDIT UNIONS·Ch. 87 DISSOLUTION, MERGERS AND CONVERSIONS
A credit union subject to the laws of this State may convert its charter to do business as a credit union into a charter to do business as a financial institution organized under chapter 32 if any plan of conversion authorized by this section is adopted and approved in accordance with the requirements of section 343.
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Maine § 9-B §875 (Conversion: change in type of state charter) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K8 (AMD).
Nearby Sections
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§ 9 §10
Conduct of hearing§ 9 §1000
Increase of capital stock§ 9 §1001
Preferred stock§ 9 §1003
Branches§ 9 §1043
Qualifications of directors§ 9 §1044
Cash reserve§ 9 §1045
Surplus fund§ 9 §1046
Borrowing capacity