2017 New York Laws
BNK - Banking
Article 16 - General Provisions Applicable to Banking Non-Stock Corporations
9019 - Certain Provisions Relating to the Conversion of Non-Stock Savings Banks and Savings and Loan Associations to Stock Form.

 9019.  Certain  provisions  relating  to the conversion of non-stock
  savings banks and savings and loan associations to stock form. No mutual
  savings bank and no mutual savings and loan association shall convert to
  stock form unless all depositors (in the case of such savings banks) and
  all shareholders (in the case of such savings and loan associations)  of
  any  such  converting  institution  whose  aggregate  deposit  or  share
  balance, as the case may be, (as shown on the books and records  of  the
  converting  institution)  equals  at  least  one hundred dollars as of a
  record date to be established in accordance with general regulations  of
  the   superintendent   of   financial  services  are  provided  with  an
  opportunity to approve such conversion, either in  person  or  by  valid
  proxy, at a meeting duly convened in accordance with general regulations
  of the superintendent of financial services for the purpose of approving
  or  disapproving  such  conversion.  At  such meeting, each depositor or
  shareholder shall be entitled to cast one vote for each full one hundred
  dollars of deposits or shares of such depositor or shareholder shown  on
  the  books  and  records of the converting institution as of such record
  date. A depositor or shareholder shall not be entitled to cast any votes
  for any deposit or share balances in amounts of less  than  one  hundred
  dollars.  No  such  conversion shall be effective unless approved by the
  affirmative vote of at least seventy-five per centum  of  the  aggregate
  dollar  amount  of the book value of deposits or shares, as the case may
  be, represented (either in person or by proxy)  at  such  duly  convened
  meeting and entitled to vote thereat.