8-353. Federal savings and loan association; conversion into state association; effect.
48 words·~1 min read·
/ne/chapter-8/8-353A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is hereby expressly declared that said state association shall be merely a continuation of said federal savings and loan association under a new name and new jurisdiction, and such revision of its corporate structure as may be considered necessary for its proper operation under said state jurisdiction.