Ark. Code Ann. § 23-37-704: Contemporaneous conversion from federal mutual to state stock association
Where this section sits in the code
- AR Code
- Title 23
- Chapter 37
- Subchapter 7
(a) A federal association may file with the Savings and Loan Association Board [abolished] a joint petition for authority to convert from a federal association to a state-chartered association and contemporaneously to convert from a mutual association to a stock association.
(b) Pursuant to the provisions of § 23-37-703 , the board may hold a hearing on the petition and issue its certificate of preliminary approval to a contemporaneous conversion from a federal association to a state-chartered stock association.
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