No conversion of an association or a federal association, direct or indirect, shall be permitted, except as specifically authorized by this chapter, Section 81-14-101 or Section 81-5-85.
Laws, 1977, ch. 445, § 13 (7); reenacted, Laws, 1982, ch. 301, § 32; Laws, 1990 Ex Sess, ch. 52, § 33; Laws, 1992, ch. 489, § 114; Laws, 1993, ch. 441, § 33; Laws, 1994, ch. 622, § 65; Laws, 1997, ch. 542, § 8; reenacted and amended, Laws, 1997, ch. 496, § 30; reenacted without change, Laws, 2001, ch. 488, § 31, eff. 7/1/2001.