9-809. Stockholder vote for conversion to national bank; proceedings; written notice to commissioner.
9-809
9-809. Stockholder vote for conversion to national bank; proceedings;
written notice to commissioner.
(a) Any state bank may at any time, upon the
affirmative vote of not less than 2/3 of its outstanding
voting
stock, become a national bank, but in all the proceedings incident thereto such
bank shall be governed by the same rulings, laws and
regulations as may
be in force and effect under federal law and authority governing national
banks becoming state banks.
(b) The state bank shall provide written notice to the state bank
commissioner within 10 days after the date the state bank receives preliminary
approval to convert to a national banking association from the office of the
comptroller of the currency. In addition, not more than 15 days following the
issuance of a charter certificate to the bank by the comptroller, the bank
shall surrender its state certificate of authority or charter and shall certify
in writing that notice of the conversion has been given to the corporations
division of the secretary of state's office.
History: L. 1947, ch. 102, § 12;
L. 1995, ch. 19, § 1; Mar. 9.