Indiana § 28-3-2-4 Termination of corporate status of state bank merged or consolidated
with national banking association

Indiana Statutes

§ 28-3-2-4 — Termination of corporate status of state bank merged or consolidated with national banking association

Indiana·Art. 3 LIQUIDATION, REORGANIZATION, AND·Ch. 2 Merger─State Banks and National Associations

Whenever any bank or trust company shall have
merged or consolidated with a national banking association, such bank
or trust company shall thereupon cease to be a corporation under the
laws of this state, except that for a term of three (3) years thereafter its
corporate existence shall be deemed to continue for the purpose of
prosecuting or defending suits by or against it, and of enabling it to
close its concerns, and to dispose of and convey its property.
Formerly: Acts 1953, c.69, s.4.

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Whenever any bank or trust company shall have
merged or consolidated with a national banking association, such bank
or trust company shall thereupon cease to be a corporation under the
laws of this state, except that for a term of three (3) years thereafter its
corporate existence shall be deemed to continue for the purpose of
prosecuting or defending suits by or against it, and of enabling it to
close its concerns, and to dispose of and convey its property.
Formerly: Acts 1953, c.69, s.4.

Indiana § 28-3-2-4 (Termination of corporate status of state bank merged or consolidated with national banking association) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.