§ 54-109.95 — Conversion of charter

North Carolina § 54-109.95

• Jurisdiction: North Carolina
• Ch. 54: Cooperative Organizations
• Art. 14K: Change in Corporate Status
• Subch. III: CREDIT UNIONS

Text

(a) A credit union chartered under the laws of this State may be converted to a credit union chartered under the laws of any other state or under the laws of the United States, subject to regulations issued by the Administrator of the Credit Union Division.
(b) A credit union chartered under the laws of the United States or of any other state may convert to a credit union chartered under the laws of this State. To effect such a conversion, a credit union must comply with all the requirements of the jurisdiction under which it was originally chartered and the requirements of the Administrator of Credit Unions and file proof of such compliance with said Administrator. (1965, c. 956, s. 9; 1975, c. 538, s. 1.)
§§ 54-109.96 through 54-109.98. Reserved for future codification purposes.

Legislative History

(1965, c. 956, s. 9; 1975, c. 538, s. 1.)