It is hereby expressly declared that said state association shall be merely a continuation of said federal savings and loan association under a new name and new jurisdiction, and such revision of its corporate structure as may be considered necessary for its proper operation under said state jurisdiction.
Neb. Rev. Stat. § 8-353
Federal savings and loan association; conversion into state association; effect
Laws 1949, c. 7, § 2(3), p. 67.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.