|
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| Title 6. Banks and Trust Companies |
Oklahoma Statutes Citationized
Title 6. Banks and Trust Companies
Chapter 1 - Oklahoma Banking Code
Article Article XI - Merger, Consolidation, Coversion, and Sale of Assets
Section 1105 - Effective Date of Merger, Filing of Approved Agreement, Certificate of Merger as Evidence
Cite as: O.S. §, __ __
A. A merger shall, unless a later date is specified in the agreement, become effective upon the filing with the Board of the executed agreement together with copies of the resolutions of the stockholders of each constituent bank or savings association approving it, certified by such bank's or savings association's president or a vice-president and a secretary. The charters of the constituent banks or savings associations, other than the resulting bank, shall thereupon be deemed surrendered.
B. The Board shall thereupon issue to the resulting bank a certificate of merger, setting forth the name of each constituent bank or savings association and the name of the resulting state bank. Such certificate shall be conclusive evidence of the merger and of the correctness of all proceedings therefor in all courts and places, and may be recorded in any office for the recording of deeds to evidence the new name in which the property of the constituent banks or savings associations is held.
Historical Data
Added by Laws 1965, SB 1, c. 161, § 1105; Amended by Laws 1990, HB 2240, c. 173, § 11, emerg. eff. May 3, 1990.
Citationizer© Summary of Documents Citing This Document| Cite | Name | Level |
|---|
| None Found. |
| Cite | Name | Level |
|---|
| None Found. |