{"data":{"id":"us-pa/17-pa.c.s.-1106","jurisdiction":"us-pa","citation":"17 Pa.C.S. § 1106","heading":"Supervisory mergers or consolidations by department.","body":"Notwithstanding any other provision of this title, the department may require a merger or consolidation of a credit union which is insolvent or is in danger of insolvency with any other credit union, Federal credit union or out-of-State credit union or may authorize a credit union to purchase any of the assets of, or assume any of the liabilities and capital of, any other credit union, Federal credit union or out-of-State credit union if the department is satisfied that:\n(1) an emergency requiring expeditious action exists with respect to such a credit union;\n(2) other alternatives are not reasonably available; and\n(3) the public interest would best be served by approval of such merger, consolidation, purchase or assumption.","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=6\u0026subsctn=0","current_through":"2024-03-04 (Statute Update stamp, 17 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:23Z","sha256":"0b883e863ee5d9a1d82f09fa37ae7a55de54dc7f99de3e073f1e62cc5ab0c2c3","source_id":"us-pa","stale":false,"prev":"us-pa/17-pa.c.s.-1105","next":"us-pa/17-pa.c.s.-1301"},"notice":"GroundRules: Original legal text. Not legal advice."}