Subject to this part and any applicable branching law or regulation, a national bank may convert to a bank or trust company upon: Compliance with the applicable laws of the United States, including any provisions thereof relating to approval of said conversion by the shareholders and directors of the national bank and to dissenting rights […]
The party or parties desiring to consummate a conversion authorized by Code Section 7-1-550 shall, upon requisite approval of the plan by their directors and shareholders, file with the department articles of conversion together with the fee required by Code Section 7-1-862. The articles of conversion shall be signed by two duly authorized officers of […]
In the case of a conversion, the national bank shall file with the department: Information desired by the department in order to evaluate the proposed conversion, in the form specified by the department; Applicable fees established by regulation of the department to defray the expenses of its investigation under Code Section 7-1-553; and A certificate […]
In the case of a conversion, the department shall conduct such investigation as it may deem necessary to ascertain whether: The articles of conversion and supporting items satisfy the requirements of this chapter; The plan adequately protects the interests of depositors, other than creditors and shareholders; and The requirements for a conversion under all applicable […]
If all the taxes, fees, and charges required by law shall have been paid and if the name of the resulting bank or trust company continues to be reserved or is available on the records of the Secretary of State, upon the receipt of the written approval of the department, the Secretary of State shall […]
Issuance of a certificate of conversion shall have the following effect: As of the issuance of the certificate of conversion by the Secretary of State, the conversion shall become effective; The certificate of conversion shall be conclusive evidence of the performance of all conditions required by this chapter for conversion of a national bank to […]
A bank or trust company may convert to a national bank or a federal savings institution upon: Authorization by and compliance with the laws of the United States; and Adoption of a plan of conversion by the affirmative vote of at least: A majority of its directors; and The holders of two-thirds of each class […]
