Section 06.15.310. Conversion of mutual bank to thrift institution.

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A mutual bank may, with the approval of the regulatory authority having jurisdiction over the creation of the thrift institution and upon the affirmative vote of a majority of its corporators, convert itself into a thrift institution organized under federal law or the laws of this state.

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(Sec. 13 c ch 132 SLA 1960)

                    
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