2010 New York Code
BNK - Banking
Article 10 - (375 - 413) SAVINGS AND LOAN ASSOCIATIONS
412 - Conversion of federal savings institutions to state charter.

§  412.  Conversion  of federal savings institutions to state charter.
  The banking board is authorized, by  a  three-fifths  vote  of  all  its
  members,  to  promulgate such regulations as are necessary to permit the
  conversion of any federal savings association  or  federal  savings  and
  loan association to state charter where such conversion is not otherwise
  governed  by  the  provisions of this chapter. Subject to the foregoing,
  such regulations may provide for the conversion  of  a  federal  savings
  association  or  federal savings and loan association, whether in mutual
  or stock form, into a state-chartered savings  bank  or  state-chartered
  savings  and  loan  association.  The  federal savings association shall
  submit a written plan of conversion to the superintendent, together with
  an investigation fee as prescribed pursuant  to  section  eighteen-a  of
  this chapter.