§ 1706. Approval of conversion by department
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and Banking
7 P.S. § 1706
§ 1706. Approval of conversion by department
(b) Within thirty days after receipt of the application, the Department of Banking shall approve or disapprove the application on the basis of its investigation. If the Department of Banking shall approve the application, it shall deliver the articles of conversion with its written approval to the Department of State and notify the national bank or interstate bank of its action. If the Department of Banking shall disapprove the application it shall give written notice to the national bank or interstate bank of its disapproval and a statement in detail of the reasons for its decision.
Credits
1965, Nov. 30, P.L. 847, No. 356, § 1706. Affected 1971, June 3, P.L. 145, No. 6, § 1 (§ 509(a)(172)). Amended 1995, July 6, P.L. 271, No. 39, § 14, imd. effective.
7 P.S. § 1706, PA ST 7 P.S. § 1706
Current through 2023 Regular Session Act 32. Some statute sections may be more current, see credits for details.
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