§871-A. Dissolution 1. Voluntary dissolution. This subsection governs the voluntary dissolution of a credit union. A. A recommendation may be made that a credit union be dissolved and voluntarily liquidated by majority vote of either the entire membership of the credit union entitled to vote or the board of directors of the credit union. […]
§871-B. Applicability of chapter Notwithstanding any other provisions of law, the provisions of this chapter apply and supersede the provisions of laws relating to the dissolution, merger and conversion of credit unions organized under the laws of this State. [PL 2003, c. 322, §42 (NEW).] SECTION HISTORY PL 2003, c. 322, §42 (NEW).
§871. Dissolution (REPEALED) SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1979, c. 429, §14 (AMD). PL 2003, c. 322, §41 (RP).
§872-A. Authority for expedited mergers, consolidations and acquisitions Notwithstanding any other provision of law, or any charter, certificate of organization, articles of association, articles of incorporation or bylaw of any participating credit union, the superintendent may authorize a merger or consolidation of 2 or more credit unions or may authorize a credit union to purchase […]
§872. Mergers and consolidations 1. Eligibility. A. A credit union organized under provisions of the laws of this State, another state or federal laws may merge or consolidate into a credit union organized under the laws of the State with the approval of the superintendent obtained pursuant to section 252, and in accordance with […]
§873. Conversion: federal to State charter; out of state to State charter 1. Eligibility. A credit union organized pursuant to provisions of federal law or organized under the laws of another state may become subject to this Part and receive a charter as a state-chartered credit union by making application in writing to the superintendent […]
§874. Conversion: State to federal charter A credit union organized under the general or special laws of this State may convert to a federally chartered credit union. The credit union must notify and provide the superintendent with a copy of the application filed with the National Credit Union Administration within 3 days of filing with […]
§875. Conversion: change in type of state charter A credit union subject to the laws of this State may convert its charter to do business as a credit union into a charter to do business as a financial institution organized under chapter 32 if any plan of conversion authorized by this section is adopted and […]
§876. Acquisitions A credit union organized under the laws of this State may acquire all or substantially all the assets of, or assume the liabilities of, any other credit union organized under provisions of the laws of this State, another state or federal laws or any financial institution authorized to do business in this State; […]
§877. Fees for mergers, conversions and acquisitions An application made pursuant to sections 872, 872‑A, 873, 875 or 876 may not be considered complete unless accompanied by an application fee payable to the Treasurer of State to be credited and used as provided in section 214. The superintendent shall establish the amount of the application […]
