12 USC 214a - Procedure for conversion, merger, or consolidation; vote of stockholders

U.S Code last checked for updates: Nov 23, 2024

§ 214a.

Procedure for conversion, merger, or consolidation; vote of stockholders

A national banking association may, by vote of the holders of at least two-thirds of each class of its capital stock, convert into, or merge or consolidate with, a State bank in the same State in which the national banking association is located, under a State charter, in the following manner:

(a)

Approval of board of directors; publication of notice of stockholders’ meeting; waiver of publication; notice by registered or certified mail

(b)

Rights of dissenting stockholders

(Aug. 17, 1950, ch. 729, § 2, 64 Stat. 455; Pub. L. 86–507, § 1(10), June 11, 1960, 74 Stat. 200; Pub. L. 96–221, title VII, § 706, Mar. 31, 1980, 94 Stat. 188.)

cite as: 12 USC 214a