<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="4-210" title_number="4" title_name="Banking Institutions -- Savings Banks" subtitle_number="2" subtitle_name="Formation and Powers">
  <level label="a">
    <text>Any savings bank may amend its charter in any manner not inconsistent with law, as provided in this section.</text>
  </level>
  <level label="b">
    <text>A proposed amendment shall be approved at a meeting called for that purpose by:</text>
    <level label="1">
      <text>The affirmative vote in person or by proxy of two thirds of the members; or</text>
    </level>
    <level label="2">
      <text>If there are no members, the affirmative vote of two thirds of the board of directors.</text>
    </level>
  </level>
  <level label="c">
    <text>After an amendment is approved by the members or the directors:</text>
    <level label="1">
      <text>The president of the savings bank and either its cashier or treasurer shall certify the amendment; and</text>
    </level>
    <level label="2">
      <text>The amendment shall be signed, filed with the Commissioner for examination, and, if approved by the Commissioner, filed for record as required for articles of incorporation.</text>
    </level>
  </level>
  <level label="d">
    <text>On filing the amendment for examination, the savings bank shall pay to the Commissioner an examination fee of $20.</text>
  </level>
</section>
