12 CFR 543.14 - Continuity of existence.

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§ 543.14 Continuity of existence.

The corporate existence of an association converting under this part shall continue in its successor. Each savings or demand accountholder shall receive a savings account or accounts in the converted association equal in amount to the value of accounts held in the former association.

[ 54 FR 49482, Nov. 30, 1989, as amended at 61 FR 64015, Dec. 3, 1996]

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