With the approval of the department, a central credit union established under section 21-1752 may purchase the assets, assume the liabilities, and accept the membership of a credit union. Such purchase shall be approved by at least a two-thirds majority of the board of directors or the duly appointed trustees of the credit union to be sold.
Neb. Rev. Stat. § 21-1755
Central credit union; purchase of credit union
Laws 1996, LB 948, § 55; Laws 2002, LB 1094, § 11.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.