{"data":{"id":"us-pa/17-pa.c.s.-1103","jurisdiction":"us-pa","citation":"17 Pa.C.S. § 1103","heading":"Merger and consolidation authorized.","body":"(a) General rule.--A credit union subject to this title may merge or consolidate with other credit unions, with Federal credit unions, with out-of-State credit unions or with a combination of other credit unions, Federal credit unions and out-of-State credit unions to form a credit union, Federal credit union or out-of-State credit union.\n(b) Approvals and conditions.--Before merging or consolidating, the credit unions involved must obtain prior approval from the department. In the case of a merger or consolidation with a Federal credit union, the merger or consolidation shall be made pursuant to Federal law in addition to the provisions of this title. In the case of a merger or consolidation with an out-of-State credit union, the merger or consolidation shall be made pursuant to the credit union law of the state of incorporation of the out-of-State credit union or, if credit unions incorporated in different states are involved, pursuant to the credit union laws of the various states of incorporation of the out-of-State credit unions in addition to the provisions of this title.","path":["Title 17 - CREDIT UNIONS","CHAPTER 11 CONVERSION, MERGER AND CONSOLIDATION"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=17\u0026div=0\u0026chpt=11\u0026sctn=3\u0026subsctn=0","current_through":"2024-03-04 (Statute Update stamp, 17 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:23Z","sha256":"f5827cddd24b442cfa1dec3711abb9b6ce9afaee2b129f1507ae0ff3cacd41af","source_id":"us-pa","stale":false,"prev":"us-pa/17-pa.c.s.-1102","next":"us-pa/17-pa.c.s.-1104"},"notice":"GroundRules: Original legal text. Not legal advice."}