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2021 SPECIAL SESSION I

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HB 1964 State Corporation Commission; supervisory merger or transfer of assets of certain credit unions.

Introduced by: Lamont Bagby | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

State Corporation Commission; supervisory merger or transfer of assets of financially unstable credit union. Amends the provisions governing the supervisory merger or transfer of assets of insolvent credit unions to include state credit unions that are financially unstable. The measure removes the requirement that the Commission find that an emergency exists to expedite mergers or sales of assets between credit unions.


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