3 CRR-NY 87.2NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 3. BANKING
CHAPTER I. GENERAL REGULATIONS OF THE SUPERINTENDENT
PART 87. CONVERSION OF MUTUAL AND STOCK-FORM FEDERAL SAVINGS BANKS AND STOCK-FORM FEDERAL SAVINGS AND LOAN ASSOCIATIONS TO STATE CHARTER
3 CRR-NY 87.2
3 CRR-NY 87.2
87.2 Documents required.
The following documents shall be filed as part of the application:
(a) plan of conversion, signed by the applicant's president and attested by its secretary, setting forth the terms and conditions of the conversion and the manner in which it is to be accomplished, including the names of the principal executive and administrative officers and directors or trustees;
(b) organization certificate, as required by Banking Law, section 230 or 4001, whichever may be applicable, executed by a majority of the applicant's directors or trustees;
(c) minutes of the meeting of stockholders of the stock-form savings and loan association at which the plan of conversion was approved, including the notice of meeting, proxy material, and plan of conversion in the form submitted, certified by the presiding officer and by the secretary of the meeting. The presiding officer and the secretary of the meeting shall certify that (1) the notice of meeting and proxy material were served personally or by mail, and (2) the plan of conversion in the form attached was the plan submitted at the meeting and was approved as specified in section 87.1(c) of this Part. Such certificate shall also indicate the actual vote for and against the plan of conversion; and
(d) proposed bylaws of the converting institution as required by Banking Law, section 251 or 6001, whichever may be applicable.
3 CRR-NY 87.2
Current through January 31, 2023
End of Document