Merger of mutual and stock savings banks.

  1. Law
  2. North Carolina General Statutes
  3. Savings Banks
  4. Corporate Changes.
  5. Merger of mutual and stock savings banks.

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54C-37. Merger of mutual and stock savings banks.

Any two or more savings banks, when one or more is mutually owned and one or more is stock owned, may merge to form either a mutual or stock savings bank in separate conversion-merger proceedings or in simultaneous conversion-merger proceedings.



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