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.]