LAC 10:VII.521

LAC 10:VII.521. Conversion or Liquidation of Mutual Holding Companies

Last amended: 1995Year: 2026Length: 65 wordsOfficial source

Cite as La. Admin. Code tit. 10, pt. VII, § 521

A. Conversion. A mutual holding company may convert from mutual to stock form in accordance with a plan of conversion approved by the commissioner pursuant to the procedures for conversion of a mutual savings bank under the conversion rule. B. Voluntary Liquidation. The provisions of R.S. 6:1282 shall apply to a mutual holding company in the same manner as they apply to a savings bank.
LAC 10:VII.521: LAC 10:VII.521. Conversion or Liquidation of Mutual Holding Companies | Justis AI