Sec. 06.45.280. Merger.
61 words·~1 min read·
/ak/title-6/chapter-45/06-45-280A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 06.45.280. Merger.
(a)A credit union may merge with another credit union under a plan agreed upon by a majority of the board of directors of each credit union and approved by a majority of the members of each credit union present at meetings called to approve the plan.
(b)The commissioner may by regulation establish further procedures governing mergers.