§ 7-1-781 - Conversion into savings and loan association - Georgia Statutes

O.C.G.A. 7-1-781 (2010)
7-1-781. Conversion into savings and loan association

Any building and loan association or other financial institution existing under the laws of this state doing a home financing business may convert itself into a savings and loan association in accordance with Section 5 of the Home Owners' Loan Act of 1933, 12 U.S.C. Section 1464, upon a vote of 51 percent or more of the votes of the members cast at an annual meeting or at any special meeting called to consider such action.