Section 490.251 – Merger or Sale; Determination by Commissioner; Order; “Distressed Credit Union” Defined.
490.251 Merger or sale; determination by commissioner; order; “distressed credit union” defined. Sec. 251. (1) The commissioner may order the merger or sale of a domestic credit union under this section if the commissioner determines that all of the following are met: (a) The domestic credit union is in danger of insolvency, in an unsafe […]