17-5525. Conversion of state association into federal savings and loan association; vote requirements.
17-5525
17-5525. Conversion of state association into federal savings and loan
association; vote requirements.
Any association may convert itself into a federal savings and loan
association in accordance with the provisions of section 5 [*] of home
owners' loan act of 1933, as now or hereafter amended, upon a vote of
fifty-one percent or more of the votes of all the members of the
association at an annual meeting, or at any special meeting called to
consider such action.
History: L. 1943, ch. 133, § 103; July 1.