Colorado § 11-103-701 Merger or conversion

Colorado Statutes

§ 11-103-701 — Merger or conversion

Colorado·Title 11 Financial·Art. Organization and

(1)Upon approval of the banking board, banks may be merged with, or converted into, a resulting state bank as prescribed in this article; except that the action by a constituent national bank shall be taken in the manner prescribed by, and is subject to, any limitation or requirements imposed by any law of the United States, which law also governs the rights of its dissenting shareholders. Further, the action by a constituent bank chartered in another state shall be taken in the manner prescribed by, and is subject to, any limitation or requirements imposed by any law of the chartering state, which law also governs the rights of its dissenting shareholders.

(2)Nothing in the law of this state restricts the right of a state bank to merge with, or convert into, a resulting nation

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Upon approval of the banking board,
banks may be merged with, or converted into, a resulting state bank as prescribed
in this article; except that the action by a constituent national bank shall be taken in
the manner prescribed by, and is subject to, any limitation or requirements imposed
by any law of the United States, which law also governs the rights of its dissenting
shareholders. Further, the action by a constituent bank chartered in another state
shall be taken in the manner prescribed by, and is subject to, any limitation or
requirements imposed by any law of the chartering state, which law also governs
the rights of its dissenting shareholders.

(2) Nothing in the law of this state restricts the right of a state bank to
merge with, or convert into, a resulting national bank or bank chartered by another
state. The action to be taken by a constituent state bank and its rights and liabilities
and those of its shareholders are the same as those prescribed for national banks at
the time of the action by the applicable laws of the United States or the other
chartering state and not by the law of this state.

Colorado § 11-103-701 (Merger or conversion) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2003: Entire article added with relocations, p. 1095, � 3, effective July 1. L. 2013: Entire section amended, (SB 13-154), ch. 282, p. 1464, � 7, effective July 1.