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§ 1106. Continuation of corporate entity

Oklahoma Statutes AnnotatedTitle 6. Banks and Trust Companies

Oklahoma Statutes Annotated
Title 6. Banks and Trust Companies (Refs & Annos)
Chapter 1. Oklahoma Banking Code
Article XI. Merger, Consolidation, Conversion and Sale of Assets (Refs & Annos)
6 Okl.St.Ann. § 1106
§ 1106. Continuation of corporate entity
Currentness
A. The resulting state bank shall be considered the same business and corporate entity as each constituent bank or savings association with all of the rights, powers, and duties of each constituent bank or savings association, except as limited by the charter and bylaws of the resulting state bank.
B. The resulting state bank shall have the right to use the name of any constituent bank or savings association whenever it can do any act under such name more conveniently.
C. Any reference to any constituent bank or savings association in any writing, whether executed or taking effect before or after the merger, shall be deemed a reference to the resulting state bank if not inconsistent with the other provisions of such writing.

Credits

Laws 1965, c. 161, § 1106; Laws 1990, c. 173, § 12, emerg. eff. May 3, 1990.
6 Okl. St. Ann. § 1106, OK ST T. 6 § 1106
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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