§ 5867 Reorganized Stock Association Powers

• •A reorganized stock association can do everything a regular stock association can do.
• •It must follow the same rules as other stock associations unless this law says otherwise.
• •This law was added in 1988.

A bank changes its structure but keeps doing the same things like giving loans and taking deposits.

Even after reorganizing, the bank must follow the same rules as other banks unless this law says it doesn’t have to.