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Code · North Carolina · Chapter 54B — Savings and Loan Associations

§ 54B-39. Merger of federal with State associations.

82 words·~1 min read·/nc/chapter-54b/54b-39

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§ 54B-39. Merger of federal with State associations.
(a)Any two or more associations, when one or more is a State association and one or more is a federal association operating in North Carolina, may merge to form one association under either a State or federal charter.
(b)The Commissioner of Banks shall promulgate rules and regulations to facilitate the merger of federal and State associations. (1981, c. 282, s. 3; 1981 (Reg. Sess., 1982), c. 1238, s. 10; 2001-193, s. 16.)
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