La. Admin. Code tit. 10 § V-517
Current through Register Vol. 50, No. 11, November 20, 2024
Section V-517 - Effective Date of ConversionA. Prior to the execution of orders for the applicant's conversion stock, the applicant shall obtain from the commissioner his approval affixed to the applicant's amended articles of incorporation. An authenticated copy of the amended Articles of Incorporation shall be filed with the secretary of state. The applicant shall cease to be a mutual savings and loan association and shall be a capital stock savings and loan association on the date and at the time specified in the approved articles of incorporation, which shall be concurrent with the execution of all orders received for the applicant's conversion stock.La. Admin. Code tit. 10, § V-517
Promulgated by the Department of Commerce, Office of Financial Institutions, LR 6:715 (December 1980).AUTHORITY NOTE: Promulgated in accordance with R.S. 6:938 and R.S. 6:939.