§ 54-109.95. Conversion of charter. - North Carolina Statutes

§54‑109.95.  Conversion of charter.

(a)        A credit unionchartered under the laws of this State may be converted to a credit unionchartered under the laws of any other state or under the laws of the UnitedStates, subject to regulations issued by the Administrator of the Credit UnionDivision.

(b)        A credit unionchartered under the laws of the United States or of any other state may convertto a credit union chartered under the laws of this State. To effect such aconversion, a credit union must comply with all the requirements of thejurisdiction under which it was originally chartered and the requirements ofthe Administrator of Credit Unions and file proof of such compliance with saidAdministrator. (1965, c. 956, s. 9; 1975, c. 538, s. 1.)