North Carolina § 54B-36 - Merger of associations where ownership is converted.
Full text of North Carolina North Carolina General Statutes § 54B-36 — Merger of associations where ownership is converted., with citation guidance and answers to common questions.
§ 54B-36. Merger of associations where ownership is converted.
Any two or more State mutual associations organized or operating may merge to form a single State stock association. The procedure to effect such a merger and conversion of ownership shall be as follows: The merging associations shall merge (to form a mutual association), as provided under G.S. 54B-35. The surviving association shall then convert to a stock association, as provided under G.S. 54B-33. Any two or more State stock associations organized or operating may merge to form a single mutual association. The procedure to effect such a merger and conversion of ownership shall be as follows: The merging associations shall merge (to form a stock association), as provided under G.S. 54B-35. The surviving association shall then convert to a mutual association, as provided under G.S. 54B-34. Nothing in this section shall be construed to prevent a simultaneous merger-conversion in subsections (a) and (b) of this section. The Commissioner of Banks may promulgate rules and regulations to facilitate the transition from two or more associations to a single association under a new form of ownership. History (1981, c. 282, s. 3; 1985, c. 659, s. 6; 2001-193, s. 16.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 54B-36
What does North Carolina General Statutes § 54B-36 cover?
Section 54B-36 ("Merger of associations where ownership is converted.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 54B-36?
A common citation format is "North Carolina General Statutes § 54B-36" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 54B-36 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.