SECTION 655.412. Merger and consolidation.
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1(1) 2With the approval of the office, any capital stock financial institution may be merged into or consolidated with another capital stock financial institution or a mutual financial institution. The provisions of ss. 34658.4135-36658.45 37govern any merger or consolidation pursuant to this subsection; and, for this purpose, references therein to banks and trust companies are deemed to refer to capital stock financial institutions. 66(2) 67A mutual financial institution may not be merged into a capital stock financial institution until it has first converted into a capital stock financial institution in accordance with s. 96665.033(1) 97and (2). For this purpose, references in s. 105665.033(1) 106and (2) to associations are deemed to refer also to credit unions; but, in the case of a credit union, the provision therein concerning proxy statements does not apply. 135(3) 136An application to merge or consolidate pursuant to this section must be accompanied by a filing fee in accordance with s. 157658.73158.
History.-s. 4, ch. 82-214; s. 1, ch. 85-65; s. 1, ch. 91-307; ss. 1, 33, ch. 92-303; s. 1725, ch. 2003-261.
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