Acts permitted executors, administrators and fiduciaries without obtaining court approval. Every executor, administrator, trustee, guardian, receiver, fiduciary, public corporation, political subdivision, public instrumentality, charitable, educational and eleemosynary institution, bank, savings bank, trust company, financial institution, insurance company, or cemetery association, without the necessity of obtaining court approval, may:
1. Vote in person or by proxy in favor of converting a federal savings and loan association into a savings and loan association, or may approve the determination so to convert.
2. Exchange any shares, share accounts or other rights or claims for securities issued by the savings and loan association, and may continue to hold as a legal investment any securities so received.
Last modified: February 26, 2006