A credit union organized under the laws of this state may convert to a credit union under the laws of another state:

1. (1) on an affirmative vote by a majority of the members voting at a meeting called for that purpose; and
2. (2) by complying with any applicable commission rule.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.