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Amalgamations and transfers of engagementsN.I.

Restrictions on amalgamations and transfers of engagementsN.I.

64.  For the purposes of Articles 65 and 66, a credit union with which another credit union may amalgamate or to which that other credit union may transfer its engagements or from which that other credit union may accept a transfer of engagements shall be a credit union with a membership which has a common bond similar to the common bond between the members of that other credit union.