Florida § 658.40 Definitions for merger and consolidation

Florida Statutes

§ 658.40 — Definitions for merger and consolidation

Florida § 658.40

TitleXXXVIII

Ch. 658BANKS AND TRUST COMPANIES

This text of Florida § 658.40 (Definitions for merger and consolidation) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 658.40 (2026).

Text

As used in the provisions of this code relating to the merger and consolidation of banks and trust companies, unless the context requires otherwise:

(1)“Constituent bank or trust company” means a bank or a state trust company which is a party to a merger.

(2)“Merger” includes consolidation.

(3)“Resulting bank or trust company” means the consolidated bank or state trust company which is, or is to be, carrying on business upon completion of a consolidation; and, in the case of a merger, means the bank or state trust company into which the other constituent banks or trust companies are, or are to be, merged.

(4)“Successor institution” means a banking corporation or a trust company organized under the laws of this state to which the office has not issued a certificate of authorization,

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

As used in the provisions of this code relating to the merger and consolidation of banks and trust companies, unless the context requires otherwise:

(1) “Constituent bank or trust company” means a bank or a state trust company which is a party to a merger.

(2) “Merger” includes consolidation.

(3) “Resulting bank or trust company” means the consolidated bank or state trust company which is, or is to be, carrying on business upon completion of a consolidation; and, in the case of a merger, means the bank or state trust company into which the other constituent banks or trust companies are, or are to be, merged.

(4) “Successor institution” means a banking corporation or a trust company organized under the laws of this state to which the office has not issued a certificate of authorization, as provided in s. 658.25, to conduct a banking business or trust business, the sole purpose of the organization of which is to facilitate a plan of merger, reorganization, or consolidation.

Legislative History

s. 4, ch. 28016, 1953; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 30, 151, 152, ch. 80-260; ss. 2, 3, ch. 81-318; ss. 27, 51, ch. 84-216; s. 1, ch. 91-307; ss. 1, 124, ch. 92-303; s. 1785, ch. 2003-261.