SEC. 81-14-117. Simultaneous merger and conversion.

(1) Any combination of associations and state savings banks may merge to form either an association or state savings bank.

(2) The commissioner shall promulgate rules and regulations to facilitate the merger of associations and state savings banks.

SOURCES: Laws, 1992, ch. 489, Sec. 34, eff from and after passage (approved May 8, 1992).

1997 Amendment

Reenacted.

SOURCE: 1997 Laws, Chapter 364, Sec. 34, HB389, Effective July 1, 1997.