Tennessee Statutes
§ 45-4-1902 — Conversion of state credit union into federal credit union
Tennessee·Title 45
A state credit union may be converted into a federal credit union by complying with the following requirements:
(1)A majority of the directors of the state credit union shall first approve the proposition for conversion and the date set for a vote by the members of the state credit union either at a regular meeting or by written ballot to be filed before the date set for the vote. Written notice of the proposition and of the date set for the vote shall then be delivered in person to each member, or mailed to each member at the address for the member appearing on the records of the credit union, not more than thirty (30) nor less than seven (7) days prior to the date. Approval of the proposition for conversion shall be by the affirmative vote of a majority of the members who vote on the pr
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Tennessee § 45-4-1902 (Conversion of state credit union into federal credit union) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1963, ch. 31, § 1; 1973, ch. 294, § 6; 1978, ch. 633, § 1; 1979, ch. 86, § 10; T.C.A., §§ 45-1831, 45-4-1202; Acts 1993, ch. 56, § 2.
Nearby Sections
15
§ 45-1-101
Short title§ 45-1-103
General definitions§ 45-1-104
Department to execute laws§ 45-1-106
Salary of commissioner§ 45-1-107
Powers and duties of commissioner§ 45-1-109
Oaths of office§ 45-1-111
Limitation of personal liability§ 45-1-112
Official seal§ 45-1-113
Office facilities§ 45-1-116
Examiners - Employment and duties