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ARKANSAS STATUTES AND CODES
§ 23-37-704 - Contemporaneous conversion from federal mutual to state stock association.
23-37-704. Contemporaneous conversion from federal mutual to state stock association.
(a) A federal association may file with the board a joint petition for authority to convert from a federal association to a state-chartered association and contemporaneously to convert from a mutual association to a stock association.
(b) Pursuant to the provisions of 23-37-703, the board may hold a hearing on the petition and issue its certificate of preliminary approval to a contemporaneous conversion from a federal association to a state-chartered stock association.
(a) A federal association may file with the board a joint petition for authority to convert from a federal association to a state-chartered association and contemporaneously to convert from a mutual association to a stock association.
(b) Pursuant to the provisions of 23-37-703, the board may hold a hearing on the petition and issue its certificate of preliminary approval to a contemporaneous conversion from a federal association to a state-chartered stock association.
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