ARTICLE 1. Merger [15200. - 15204.]

Article 1 added by Stats. 1979, Ch. 112.

§§ 15200–15204 · 5 sections

• § 15200 Any credit union may, with the approval of the commissioner, merge with another credit union or with a central credit union.
• § 15201 (a) The merger shall be made pursuant to any plan agreed upon by the majority of the board of directors of each credit union joining in the merger, and…
• § 15202 (a) After the requirement of approval as provided in Section 15201 is satisfied, each credit union shall execute a certificate of merger as an officers’…
• § 15203 Each certificate of merger called for in Section 15202 shall be filed in the office of the Secretary of State. After the filing in the office of the Secretary…
• § 15204 (a) Upon any merger effectuated as provided in this article, all property, property rights, and interests of the merged credit union shall vest in the…