215.53 Absorption involving mutual associations.
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215.53 Absorption involving mutual associations.
(1)Conditions precedent.
(a)With the consent of the division and subject to any condition that the division prescribes, a mutual association organized under this chapter may, by an affirmative vote of at least two-thirds of the board of each institution, do any of the following:
1. Absorb or be absorbed by any thrift institution.