Relates to the permitted voluntary dissolution of a mutual company

This bill modifies rules for mutual companies seeking voluntary dissolution. It allows mutual companies that received loans after May 1, 1959, to dissolve without agency approval only after their municipal tax exemption (and any extension) expires. The bill requires full payment of outstanding mortgage principal, interest, and dissolution costs before dissolution can proceed. This directly affects mutual companies holding such loans, changing their timeline for voluntary dissolution compared to non-mutual companies under existing law.