Section 9-632 - Procedure for conversion.
§ 9-632. Procedure for conversion.
To convert to a commercial bank, a capital stock savings and loan shall deliver to the Commissioner:
(1) A filing fee of $1,000;
(2) An application for conversion;
(3) A certified copy of the resolution of the board of directors that authorizes the conversion;
(4) The proposed amended charter and bylaws amendments;
(5) The proposed notice of the meeting to consider conversion, and the time and manner in which notice will be given to stockholders;
(6) The proposed proxy statement;
(7) The proposed plan of conversion; and
(8) Any additional documents required by the Commissioner.
[1986, ch. 591; 1996, ch. 326, § 2.]