1. After the holding of the meeting of stockholders, the savings bank shall take such action, in the manner prescribed or authorized by the laws of the United States or the rules and regulations promulgated pursuant thereto, as shall make it a federal savings bank, national bank or state bank, and there shall thereupon be filed in the Office of the Commissioner a copy of the charter of authorization issued to the institution by the appropriate supervising regulatory body or a certificate showing the organization of the institution as a federal savings bank, national bank or state bank, as applicable, certified by the appropriate supervising regulatory body. Upon filing with the Commissioner, the institution ceases to be a savings bank, but retains all rights, privileges and exemptions of a domestic institution of the same kind and character of its resulting charter.

2. A fee of not more than $100 must accompany the copy of the charter of authorization.

3. Federal savings banks so converted and their members are subject to the same form of taxation and on the same basis as savings banks and their stockholders, and national banks so converted and their members are subject to the same form of taxation and on the same basis as state banks and their stockholders.

4. The Commissioner shall adopt regulations establishing the amount of the fee required pursuant to this section.

[Part 1:60:1935; 1931 NCL § 973.01] — (NRS A 1961, 779; 1969, 981; 1977, 504; 1983, 1804; 1987, 1986; 2005, 1880; 2017, 1951)