9-809.   Stockholder vote for conversion to national bank; proceedings;written notice to commissioner.(a) Any state bank may at any time, upon theaffirmative vote of not less than 2/3 of its outstandingvotingstock, become a national bank, but in all the proceedings incident thereto suchbank shall be governed by the same rulings, laws andregulations as maybe in force and effect under federal law and authority governing nationalbanks becoming state banks.

      (b)   The state bank shall provide written notice to the state bankcommissioner within 10 days after the date the state bank receives preliminaryapproval to convert to a national banking association from the office of thecomptroller of the currency. In addition, not more than 15 days following theissuance of a charter certificate to the bank by the comptroller, the bankshall surrender its state certificate of authority or charter and shall certifyin writing that notice of the conversion has been given to the corporationsdivision of the secretary of state's office.

      History:   L. 1947, ch. 102, § 12;L. 1995, ch. 19, § 1; Mar. 9.