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

Colorado Statutes

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

Colorado § 11-103-705

Title 11Financial

Art.Organization and

This text of Colorado § 11-103-705 (Effective date of merger - certificate) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 11-103-705 (2026).

Text

(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

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(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.

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.