Colorado § 11-103-705 Effective date of merger - certificate

Colorado Statutes

§ 11-103-705 — Effective date of merger - certificate

Colorado·Title 11 Financial·Art. Organization and

(1)Unless a later date is specified in the agreement, a merger becomes effective upon the approval by the banking board of the executed agreement, together with copies of the resolutions of the stockholders of each constituent bank approving it, certified by the bank's president or a vice-president and a secretary. The charters of the constituent banks, other than the resulting bank, shall thereupon be deemed surrendered.

(2)After approval of the agreement, the banking board shall issue to the resulting bank a certificate of merger, setting forth the name of each constituent bank and the name of the resulting state bank. The certificate is conclusive evidence of the merger and of the correctness of all proceedings for the merger in all courts and places and may be recorded in a

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

(1) Unless a later date is
specified in the agreement, a merger becomes effective upon the approval by the
banking board of the executed agreement, together with copies of the resolutions
of the stockholders of each constituent bank approving it, certified by the bank's
president or a vice-president and a secretary. The charters of the constituent banks,
other than the resulting bank, shall thereupon be deemed surrendered.

(2) After approval of the agreement, the banking board shall issue to the
resulting bank a certificate of merger, setting forth the name of each constituent
bank and the name of the resulting state bank. The certificate is conclusive
evidence of the merger and of the correctness of all proceedings for the merger in
all courts and places and may be recorded in any office for the recording of deeds
to evidence the new name in which the property of the constituent banks is held.

Colorado § 11-103-705 (Effective date of merger - certificate) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2003: Entire article added with relocations, p. 1097, � 3, effective July 1. L. 2013: Entire section amended, (SB 13-154), ch. 282, p. 1481, � 45, effective July 1.