§ 1710. Rights of dissenting shareholders of converting national bank or interstate bank
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and Banking
7 P.S. § 1710
§ 1710. Rights of dissenting shareholders of converting national bank or interstate bank
If a shareholder of a national bank or interstate bank which converts into an institution shall object to the plan of conversion and shall comply with the requirements of applicable laws of the United States or the laws of the jurisdiction under which the interstate bank exists, the resulting institution shall be liable for the value of his shares as determined in accordance with such laws of the United States or the laws of the jurisdiction under which the interstate bank exists. If the laws of the United States do not provide rights of dissenting shareholders or requirements for the exercise of such rights and the valuation of shares, such shareholder shall be entitled to the rights and remedies of a dissenting shareholder under, and subject to compliance with, the provisions of section 12221 of this act.
Credits
1965, Nov. 30, P.L. 847, No. 356, § 1710. Amended 1995, July 6, P.L. 271, No. 39, § 15, imd. effective.
Footnotes
7 P.S. § 1222.
7 P.S. § 1710, PA ST 7 P.S. § 1710
Current through 2023 Regular Session Act 1. Some statute sections may be more current, see credits for details.
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