BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
DEPOSITORY BANK ACT
Conversion of Federal Banks and State Depository Banks
383-B:8-804 Conversion of a Mutual Bank or Mutual Bank Into a Credit Union.
A mutual savings bank or mutual bank may convert to a credit union if the corporators of a mutual savings bank or the association members of a savings association approve the conversion by majority vote, or by a higher percentage if required by its organizational documents.
Source. 2015, 272:16, eff. Oct. 1, 2015.