New York Banking Law Article 10-C - MUTUAL HOLDING COMPANIES

• 447 - Authorization of the Formation of Mutual Holding Companies.
  1. Notwithstanding any other provision of law and in accordance with general regulations which the superintendent of financial services shall promulgate to facilitate such reorganizations,...
• 447-a - Required Approvals.
  1. Approval by the board of directors. A reorganization of a mutual savings and loan association pursuant to this article shall be approved by a...
• 447-b - Formation of a Mutual Holding Company.
  1. The plan of reorganization may authorize the formation of a mutual holding company by: (a) (i) the organization by the mutual holding company of...
• 447-c - Mutual Holding Company Powers.
  1. Upon the formation of a mutual holding company by a mutual savings and loan association: (a) the mutual holding company shall possess all the...
• 447-d - Conversion of Mutual Holding Company Into Stock Holding Company.
  1. If approved by the superintendent, a mutual holding company may convert to a stock holding company in accordance with general regulations promulgated by the...

Last modified: February 3, 2019