§341. Applicability of chapter; fees 1. Applicability. The provisions of this chapter apply whenever a financial institution subject to the laws of this State seeks to convert or amend its charter in order to change its chartering authority, change to a different form of ownership or adopt a new corporate name for the institution. […]
§342-A. Authority for expedited conversion to new charter; federal to state Notwithstanding any other provision of law or any charter, certificate of organization, articles of association, articles of incorporation or bylaw of any participating institution, when a charter conversion is approved by the directors of a financial institution authorized to do business in this State […]
§342. Conversion to new charter: federal to State; State to federal; out of state to State 1. Federal savings bank or savings and loan to state financial institution. Any federal association or federal savings bank may convert to a financial institution organized under the laws of this State in the following manner. A federal savings […]
§343. Conversion of institutional charter A financial institution organized under Part 12 may convert its charter to do business as another institution organized under Part 12 or as a universal bank, and a universal bank organized under chapter 31 may convert to a financial institution organized under Part 12 in the following manner. [PL […]
§344. Conversion: mutual ownership change With the superintendent’s approval, and in accordance with the provisions of this section and regulations adopted under this section, a mutual financial institution may convert to a cooperative financial institution, a cooperative financial institution may convert to a mutual financial institution and either a cooperative or mutual financial institution may […]
§345-A. Authority for expedited charter conversions Notwithstanding any other provision of law, or any organizational document of any participating institution, when a charter conversion is approved by the governing body of a financial institution authorized to do business in this State as a component of a plan of merger, consolidation or acquisition with another financial […]
§345-B. Conversion; investor to investor ownership With the superintendent’s approval and in accordance with the provisions of this section and rules adopted under this section, which are routine technical rules pursuant to Title 5, chapter 375, subchapter II‑A, an equity financial institution organized under chapter 31 may convert its ownership structure to another type of […]
§345. Conversion; investor to mutual ownership With the superintendent’s approval, and in accordance with the provisions of this section and rules adopted under this section, a financial institution organized under chapter 31 may convert to a financial institution organized under chapter 32, if this conversion is conducted in a manner fair and equitable to its […]
§346. Change of institutional name 1. Authorization; prohibitions. Any financial institution may change its corporate name to another name if the name selected is not the same or deceptively similar to the name of any other financial institution authorized to do business in this State. [PL 1997, c. 398, Pt. F, §8 (AMD).] 2. […]
§347. Effect of conversion or amendment; nonconforming activities The financial institution resulting from any action taken pursuant to the authority granted in this chapter is subject to the provisions of sections 357 and 358 and shall comply with the requirements of these sections and rules adopted under these sections. [PL 1997, c. 398, Pt. […]
