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  6. Title 5 - Banks and Financi...
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  8. Chapter 7A - Bank Merger, C...
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  10. Article 4 - Conversion of Savings Institutions ...


Article 4 - Conversion of Savings Institutions Into State Banks.


  • Section 5-7A-60 - Purpose.
  • Section 5-7A-61 - Definitions.
  • Section 5-7A-62 - Application to convert charter; written plan of conversion; authorizing resolution; submission to superintendent; fee; tentative approval; vote of stockholders or members; directors; articles of incorporation and bylaws; statement of superintendent's objections; amendment; appeal of disapproval; application to FDIC; final approval and permit.
  • Section 5-7A-63 - Resulting bank as continuation of savings institution.
  • Section 5-7A-64 - Maintenance and operation of offices.
  • Section 5-7A-65 - Expansion or branching limited.
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