Sec. 122.201. CONVERSION OF STATE CREDIT UNION TO FEDERAL CREDIT UNION

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A credit union organized under the laws of this state may convert to a credit union under the laws of the United States:
(1) on an affirmative vote by a majority of the members voting at a meeting called for that purpose; and
(2) by complying with any rule adopted by the commission to facilitate the conversion.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

                    
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