54B-39. Merger of federal with State associations.
(a) Any two or more associations, when one or more is a State association and one or more is a federal association operating in North Carolina, may merge to form one association under either a State or federal charter.
(b) The Commissioner of Banks shall promulgate rules and regulations to facilitate the merger of federal and State associations. (1981, c. 282, s. 3; 1981 (Reg. Sess., 1982), c. 1238, s. 10; 2001-193, s. 16.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 54B - Savings and Loan Associations
Article 3 - Fundamental Changes.
§ 54B-30 - Conversion from State to federal association.
§ 54B-31 - Conversion from federal to State association.
§ 54B-32 - Simultaneous charter and ownership conversion.
§ 54B-33 - Conversion of mutual to stock association.
§ 54B-34 - Conversion of stock associations to mutual associations.
§ 54B-34.1 - Conversion to State association.
§ 54B-34.2 - Conversion to bank.
§ 54B-35 - Merger of like savings and loan associations.
§ 54B-36 - Merger of associations where ownership is converted.
§ 54B-37 - Merger of mutual and stock associations.
§ 54B-37.1 - Simultaneous conversion/merger.
§ 54B-39 - Merger of federal with State associations.
§ 54B-40 - Voluntary dissolution by directors.
§ 54B-41 - Voluntary dissolution by stockholders or members.
§ 54B-42 - Rules, regulations and reports of voluntary dissolution.
§ 54B-45 - Interim associations.