LD 1534
pg. 20
Page 19 of 20 PUBLIC Law Chapter 322 LD 1534 Title Page
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LR 1922
Item 1

 
A credit union organized under the general or special laws of
this State may convert to a federally-chartered federally
chartered credit union. Approval of the members of the credit
union for the conversion shall must be obtained in the manner set
forth in section 342, subsection 3 6. Upon obtaining such the
approval, the credit union shall provide to the superintendent
all necessary approvals and charters required by the National
Credit Union Administration and all federal laws and regulations
applicable thereto to the conversion. The superintendent shall
notify the Secretary of State that the conversion has been
effected. A copy of the approval or charter shall must accompany
the notification.


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