Alaska Statutes.
Title 6. Banks and Financial Institutions
Chapter 45. Alaska Credit Union Act
Section 280. Merger.
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AS 06.45.280. Merger.

(a) A credit union may merge with another credit union under a plan agreed upon by a majority of the board of directors of each credit union and approved by a majority of the members of each credit union present at meetings called to approve the plan.

(b) The commissioner may by regulation establish further procedures governing mergers.

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