Okla. Stat. tit. 6, § 6-1101
This is the official text of Okla. Stat. tit. 6, § 6-1101, part of Oklahoma’s Stat. tit. 6, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 6,." Browse the sections below, each linked to its official government source.
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Merger or conversion
Official statutory text
A. Resulting State Bank. Upon approval of the Board, banks or
savings associations may be merged with or converted into a
resulting state bank as hereafter prescribed, except that the action
by a constituent national bank or federal savings association shall
be taken in the manner prescribed by and shall be subject to any
limitation or requirements imposed by any law of the United States
which shall also govern the rights of its dissenting shareholders.
B. Resulting National Bank. Nothing in the law of this state
shall restrict the right of a state bank or state savings
association to merge with or convert into a resulting national bank.
The action to be taken by a constituent state bank or state savings
association and its rights and liabilities and those of its
shareholders shall be the same as those prescribed for national
Oklahoma Statutes - Title 6. Banks and Trust Companies Page 147
banks at the time of the action by the applicable laws of the United
States and not by the laws of this state. Upon the completion of
the merger or conversion into a national bank, all authority and the
charter of any merging or converting state bank or state savings
association shall automatically terminate.
savings associations may be merged with or converted into a
resulting state bank as hereafter prescribed, except that the action
by a constituent national bank or federal savings association shall
be taken in the manner prescribed by and shall be subject to any
limitation or requirements imposed by any law of the United States
which shall also govern the rights of its dissenting shareholders.
B. Resulting National Bank. Nothing in the law of this state
shall restrict the right of a state bank or state savings
association to merge with or convert into a resulting national bank.
The action to be taken by a constituent state bank or state savings
association and its rights and liabilities and those of its
shareholders shall be the same as those prescribed for national
Oklahoma Statutes - Title 6. Banks and Trust Companies Page 147
banks at the time of the action by the applicable laws of the United
States and not by the laws of this state. Upon the completion of
the merger or conversion into a national bank, all authority and the
charter of any merging or converting state bank or state savings
association shall automatically terminate.
Status: in_force · Read it on the official government site
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