Legislation
SECTION 402
Amendment of articles of association and by-laws
Banking (BNK) CHAPTER 2, ARTICLE 10
§ 402. Amendment of articles of association and by-laws. Any proposed
change in the articles of association, certificate of association,
organization certificate or the by-laws of any savings and loan
association shall be submitted to the superintendent and, upon the
superintendent's written approval thereof, shall be posted in a
conspicuous place in the office of the association for thirty days. Such
proposed changes may thereafter be incorporated in the articles of
association, certificate of association, organization certificate or the
by-laws of the association by being duly adopted by its directors. A
copy of such change shall be filed in the office of the superintendent
within thirty days after such adoption.
change in the articles of association, certificate of association,
organization certificate or the by-laws of any savings and loan
association shall be submitted to the superintendent and, upon the
superintendent's written approval thereof, shall be posted in a
conspicuous place in the office of the association for thirty days. Such
proposed changes may thereafter be incorporated in the articles of
association, certificate of association, organization certificate or the
by-laws of the association by being duly adopted by its directors. A
copy of such change shall be filed in the office of the superintendent
within thirty days after such adoption.