Completion of organization

Upon filing by the secretary of state, the directors elected during the period of interim organization shall proceed to: (1) Approve and adopt the charter and bylaws; (2) Elect officers pursuant to the bylaws; (3) Take action necessary to effect the insurance of the deposit accounts of the association; and (4) Take other action that may be necessary to complete the organization. Acts 1978, ch. 708, § 1.21; T.C.A., § 45-1321. Upon filing by the secretary of state, the directors elected during the period of interim organization shall proceed to: (1) Approve and adopt the charter and bylaws; (2) Elect officers pursuant to the bylaws; (3) Take action necessary to effect the insurance of the deposit accounts of the association; and (4) Take other action that may be necessary to complete the organization. Acts 1978, ch. 708, § 1.21; T.C.A., § 45-1321.