Conversion of state capital stock association or federal association to state mutual association

Any state capital stock association or any federal association, if otherwise permitted by federal law and regulations, may become a state mutual association by following the procedures set forth in § 45-3-1105 and any rules and regulations promulgated by the commissioner. Acts 1978, ch. 708, § 4.14; T.C.A., § 45-1614. Any state capital stock association or any federal association, if otherwise permitted by federal law and regulations, may become a state mutual association by following the procedures set forth in § 45-3-1105 and any rules and regulations promulgated by the commissioner. Acts 1978, ch. 708, § 4.14; T.C.A., § 45-1614.