Section 286.5-561 - Federal savings and loan association, consolidation with or conversion into(1) Any association may convert itself into or merge or consolidate with a federal savings and loan association, as authorized by the Home Owners' Loan Act of 1933 (48 Stat. 128) and any amendments or supplements thereto, or laws hereafter enacted in substitution therefor and pursuant to any rules and regulations in accordance therewith.(2) Before an association may act under subsection (1), the board of directors, at any regular meeting by a vote of two-thirds (2/3) of the directors, shall adopt resolutions authorizing the conversion or merger or consolidation.Effective:7/15/1982
Amended 1982 Ky. Acts ch. 276, sec. 2, effective7/15/1982. -- Created 1964 Ky. Acts ch. 138, sec. 40, effective 6/18/1962.