54C-37. Merger of mutual and stock savings banks.
Any two or more savings banks, when one or more is mutually owned and one or more is stock owned, may merge to form either a mutual or stock savings bank in separate conversion-merger proceedings or in simultaneous conversion-merger proceedings. (1991, c. 680, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 3 - Corporate Changes.
§ 54C-30 - Conversion to savings bank.
§ 54C-31 - Conversion from State to federal charter.
§ 54C-32 - Simultaneous charter and ownership conversion.
§ 54C-33 - Conversion of mutual to stock savings bank.
§ 54C-34 - Conversion of stock savings bank to mutual savings bank.
§ 54C-35 - Merger of like savings banks.
§ 54C-36 - Simultaneous conversion/merger.
§ 54C-37 - Merger of mutual and stock savings banks.
§ 54C-38 - Simultaneous merger and conversion.
§ 54C-39 - Merger of federal charters with State savings banks.
§ 54C-40 - Merger of savings banks with banks and associations.
§ 54C-41 - Voluntary dissolution by directors.
§ 54C-42 - Voluntary dissolution by stockholders or members.
§ 54C-43 - Reports of voluntary dissolution.