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<br /> ~ FIN~'CIA~ COI{POI~ATIONS 47~1
<br />
<br /> f ~ org~on, I~ secu~es ~d ~ves~en~, ~e ch~acter of i~ business, and ~e
<br /> ~ of ~ansacDng ~e s~e io co.om Io ~e ]aws app~b]e to sa~gs ba~.
<br />
<br /> ~VLxos ~ ~en authorhed by act o2 %e congress ol %e o~led States, ~p
<br /> I~ ~gs and loan assocSaUon wl~ ]ts prindpM place o2 b~ess ~ ~Is state
<br /> ~3~ mnvert itseH in~o a sa~ngs b~k p~suant ~o %e laws ol ~s state: Pro~ded,
<br /> (~) ~at %e ~sociaOon complies wi~ ~ requirements ~posed for such conversion
<br /> ~der ~e laws oI ~e United States; (b) ~at ~e association complies with ~e
<br /> ~ulremen~ and procedure set forth in s~on 47.30, except ~at the procedure for
<br /> ~mLnlng original ~cles of lncorpora~on of a sa~ngs ba~ sh~ be lo, owed in heu
<br /> of ~e procedure for greening articles of ~corporation and ~e.30 day pertOd sped-
<br /> i~ tn section 47.30, subdivisions 4 and 5, shall begin on the day the organization
<br /> " m~ng Is held pursuant to sec~on 300.025; and (c) ~at ~e com~ssioner of banks
<br /> spproves such conversion ~ ~Ti~g.
<br /> [19%9 c. 83~ ~. 6]
<br />
<br /> OF P~¢OP~{TI' ~ ~GHTS. Upon ~e conversion of ~y sa~ngs ba~ ~nto a
<br /> ~4nEs, bui]~nE ~ ]o~ associaUon or ~to a feder~ SaShES ~ loan ~sodaUo~
<br /> ~d of a sa~ngs, bulling and lo~ associaUon or feder~ sa~ngs and loan associa-
<br /> ~on Into a savings b~k, ~e rorporate e~stence of ~e conve~g sa~ngs ba~ or
<br /> ~la~on sh~ not terminate, ~d ~e res~ting associa~on or sa~gs b~ sh~
<br /> ~ a mnflnuance of ~e converting sa~gs b~ or ~sociation; ~d ~ ~e property
<br /> of ~e converting sa~ngs ba~ or associaUon (~clu~ng 1~ rights) sh~ by opera-
<br /> ~on of law vest in ~e resu]~ng association or sagas b~ as of ~e ~e when ~e
<br /> mnve~ion becomes final ~d complete, ~d ~ of ~e obhgafio~ of ~e conve~g
<br /> [a~gs ba~ or association become ~ose of fl~e res~g ~soctafion or sa~gs
<br /> ~ Actions ~d o~er Ju~ci~ procee~gs to which ~e conve~g sa~gs b~
<br /> or ~sociatlo'n ~ a p~ty may be prosecuted ~d defended ~ H ~e conversion had
<br /> ~t been made.
<br /> [~t9 ~. ~7 a. s]
<br /> ~ 4~.11 N'EGOT~ ~ST~U~N~, FACS~ SIGNATD~ES,
<br />
<br /> BL~ESIEA'~ OF PL~LIC ~NDS. ~y pubhc o~cer or o~er person who ~
<br /> ~u~o~ed singly or in conjunction ~th ~o~er or o~ers, to sign checks, ~ts,
<br /> '- ~, w~rant-checks, vouchers or o~er orders on pubic fun~ on deposit ~
<br /> · deposito~ b~k may aurorae ~e ba~ to honor any such ~s~ument bearing
<br /> s ~le of ~s signature and to charge ~e same to ~e account upon which
<br /> ~m, as l~ly ~ ~ough it bore ~s m~u~y ~itten signat~e. ~s~umen~ so
<br /> honored sh~ be wholly operative ~d bln~ng in favor of ~e ba~ ~though such
<br /> famine signature shaB have been ~xed wS~out authority of such o~eer or o~er
<br /> ~on. ~y one or more or ~ of the signat~es upon any such ~strument may
<br /> ~ hcs~e as herein pro~ded. As here used "public ~n~" means funds of ~e
<br /> ~ate or of ~y county, city, town, school ~striet, any political subdi~sion of the
<br /> ~mIe, or of ~y com~ssion, board, department or agency of any ~ereof.
<br /> [~955 c 96 a 1; 197~ c 1~ art 5 ~ 7]
<br /> 4~.42 FA~~ SIGNAT~ES, O~CER NOT ~. ~ ~e gove~-
<br /> Lng ~y of ~e depositor political subdivision, or of any com~ssion, board, depart-
<br /> ment or agency thereof, by resolution approves the ac~on of ~e public o~cer or
<br /> o~ person ~ the use of such facsim~e, ~d sha~ have insured ~e depositor wi~
<br /> aa ~urance company au~oriz~ to do business in ¢is state, in such amount and
<br /> fo~ ~ ~e governing body approves, against loss of ~y public fun~ wi~a~
<br /> u~n unauthorized use of such facsimile signature, such public o~eer or other
<br /> ~on sh~ not' be personally liable for loss, If any, resulting ~om ~e use of any
<br /> ~a~ /a~imHe signature u~ess ~e loss occurs by reason of his own ~ongful act.
<br /> [1955 c 96 a ~]
<br /> ...: 47~ DETAC~ g~h~'6 F/CILIT~S; DEF~TIONS. As used ~ sa- c ~P~ 47~1 to 47.57:
<br /> 'A~ched fac~ity" means a s~ucture se~ng ~ a drive-in or wMk-up Iac~,
<br /> ~.: or ~, co~isflng of one or more tellers windows, which Is ~xed to ~d ~ ~
<br /> [nte~ pa~ of ~e main b~ng house and not severable ~ere~om ~out
<br /> ~'- ~c~~d d~mage or changes, ~d w~ch perfor~ one or more of ~e Iuncfio~
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