Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 563b  /  Sec. 563b.125 Must my board of directors adopt a plan of conversion?

Prior to filing an application for conversion, your board of directors must adopt a plan of conversion that conforms to Sec. Sec. 563b.320 through 563b.485 and 563b.505. Your board of directors must adopt the plan by at least a two-thirds vote. Your plan of conversion is required, under Sec. 563b.150, to be included in your conversion application.