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2021 SESSION
HB 1964 State Corporation Commission; supervisory merger or transfer of assets of certain unions.
Introduced by: Lamont Bagby | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
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.
SUMMARY AS INTRODUCED:
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.