Notwithstanding any other provision of this title, the department may require a merger or consolidation of a credit union which is insolvent or is in danger of insolvency with any other credit union, Federal credit union or out-of-State credit union or may authorize a credit union to purchase any of the assets of, or assume any of the liabilities and capital of, any other credit union, Federal credit union or out-of-State credit union if the department is satisfied that: (1) an emergency requiring expeditious action exists with respect to such a credit union; (2) other alternatives are not reasonably available; and (3) the public interest would best be served by approval of such merger, consolidation, purchase or assumption. CHAPTER 13 DISSOLUTION Sec. 1301. Dissolution authorized. 1302. Approval of voluntary dissolution. 1303. Dissolution proceedings. 1304. Department supervision. 1305. Articles of dissolution. 1306. Involuntary dissolution.
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