State Ex Rel. Merion v. Court of Common Pleas

Section 693-1, General Code, authorizes the reorganization of a building and loan association, with the written consent of the Superintendent of Building and Loan Associations. It provides that “The board of directors may adopt a plan of reorganization which map include any change in its articles of incorporation,” etc. (Italics ours.) The last paragraph of such section reads:

“An association whose plan of reorganization is disapproved by the superintendent may within thirty days thereafter file in the Common Pleas Court of Franklin county, or in the county wherein the association in question…