N.Y. Comp. Codes R. & Regs. tit. 3 § 101.2

Current through Register Vol. 46, No. 53, December 31, 2024

Section 101.2 - Meeting of stockholders; clearance of name

Before an application for conversion is submitted:

(a) the plan of conversion should be approved by the vote, in person or by proxy, of the holders of at least 662/3 percent of each class of capital stock of the national banking association at a meeting held in accordance with the requirements of Federal law,[FN*] and (b) the name proposed for the State bank should be submitted to the superintendent for his prior approval.

[FN*] 12 U.S.C. § 214(a).

N.Y. Comp. Codes R. & Regs. Tit. 3 § 101.2