§875. Conversion: change in type of state charter
A credit union subject to the laws of this State may convert its charter to do business as a credit union into a charter to do business as a financial institution organized under chapter 32 if any plan of conversion authorized by this section is adopted and approved in accordance with the requirements of section 343. [PL 1997, c. 398, Pt. K, §8 (AMD).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K8 (AMD).
Structure Maine Revised Statutes
TITLE 9-B: FINANCIAL INSTITUTIONS
Chapter 87: DISSOLUTION, MERGERS AND CONVERSIONS
9-B §871. Dissolution (REPEALED)
9-B §871-B. Applicability of chapter
9-B §872. Mergers and consolidations
9-B §872-A. Authority for expedited mergers, consolidations and acquisitions
9-B §873. Conversion: federal to State charter; out of state to State charter
9-B §874. Conversion: State to federal charter