Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-189. Rights of dissenting members

(a) In the case of a mutual association, no mortgage account member shall have any rights of any nature with regard to proceedings for merger, consolidation or conversion and shall conclusively become a borrower of the resulting association or savings bank in the event of a merger, consolidation or conversion. A savings member who dissents from any plan of merger, consolidation or conversion shall have the right to have his savings paid to him in full together with any and all additions thereto which have been credited to his account by way of earnings prior to the effective date of the merger, consolidation or conversion within thirty days of the receipt of notice by the association of his dissent.

(b) In the case of a permanent reserve fund stock association, a permanent reserve fund stockholder shall have only the rights given him in the plan of merger, consolidation or conversion.