Okla. Stat. tit. 6, § 6-1102
This is the official text of Okla. Stat. tit. 6, § 6-1102, 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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Approval of merger by directors and merger agreement
Official statutory text
Where there is to be a resulting state bank, the board of
directors of each constituent bank or savings association shall, by
a majority of the entire board, approve a merger agreement which
shall contain:
1. The name of each constituent bank or savings association and
the location of each office;
2. With respect to the resulting bank the name and the location
of each proposed office; the name and residence of each director to
serve until the next annual meeting of the stockholders; the name
and residence of each officer; the amount of capital, the number of
shares and the par value of each share; whether preferred stock is
to be issued and the amount, terms and preferences; the amendments
to the charter and bylaws;
3. The terms for the exchange of shares of the constituent
banks or savings associations for those of the resulting bank;
4. A statement that the merger and the merger agreement are
subject to approval by the Board and by the stockholders of each
constituent bank or savings association;
5. Provisions governing the manner of disposing of the shares
of the resulting state bank not taken by dissenting shareholders of
constituent banks or savings associations; and
6. Such other provisions as the Board requires to enable it to
discharge its duties with respect to the merger.
directors of each constituent bank or savings association shall, by
a majority of the entire board, approve a merger agreement which
shall contain:
1. The name of each constituent bank or savings association and
the location of each office;
2. With respect to the resulting bank the name and the location
of each proposed office; the name and residence of each director to
serve until the next annual meeting of the stockholders; the name
and residence of each officer; the amount of capital, the number of
shares and the par value of each share; whether preferred stock is
to be issued and the amount, terms and preferences; the amendments
to the charter and bylaws;
3. The terms for the exchange of shares of the constituent
banks or savings associations for those of the resulting bank;
4. A statement that the merger and the merger agreement are
subject to approval by the Board and by the stockholders of each
constituent bank or savings association;
5. Provisions governing the manner of disposing of the shares
of the resulting state bank not taken by dissenting shareholders of
constituent banks or savings associations; and
6. Such other provisions as the Board requires to enable it to
discharge its duties with respect to the merger.
Status: in_force · Read it on the official government site
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