A mutual savings bank or mutual bank may convert to a credit union if the corporators of a mutual savings bank or the association members of a savings association approve the conversion by majority vote, or by a higher percentage if required by its organizational documents.
N.H. Rev. Stat. Ann. § 383-B:8-804
Conversion of a Mutual Bank or Mutual Bank Into a Credit Union
Known as the Depository Bank Act
The act spans §§ 383-B:10-1001 to 383-B:9-908 (61 sections).
Source. 2015, 272:16, eff
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.