Oklahoma § 6-1102 Approval of merger by directors and merger agreement.

Oklahoma Statutes

§ 6-1102 — Approval of merger by directors and merger agreement.

Oklahoma § 6-1102

Title 6Banks And Trust Companies

This text of Oklahoma § 6-1102 (Approval of merger by directors and merger agreement.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 6, § 6-1102 (2026).

Text

Where there is to be a resulting state bank, the board of directors of each constituent bank or savings association shall, by a majority of the entire board, approve a merger agreement which shall contain: 1. The name of each constituent bank or savings association and the location of each office; 2. With respect to the resulting bank the name and the location of each proposed office; the name and residence of each director to serve until the next annual meeting of the stockholders; the name and residence of each officer; the amount of capital, the number of shares and the par value of each share; whether preferred stock is to be issued and the amount, terms and preferences; the amendments to the charter and bylaws; 3. The terms for the exchange of shares of the constituent banks or saving

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Where there is to be a resulting state bank, the board of directors of each constituent bank or savings association shall, by a majority of the entire board, approve a merger agreement which shall contain: 1. The name of each constituent bank or savings association and the location of each office; 2. With respect to the resulting bank the name and the location of each proposed office; the name and residence of each director to serve until the next annual meeting of the stockholders; the name and residence of each officer; the amount of capital, the number of shares and the par value of each share; whether preferred stock is to be issued and the amount, terms and preferences; the amendments to the charter and bylaws; 3. The terms for the exchange of shares of the constituent banks or savings associations for those of the resulting bank; 4. A statement that the merger and the merger agreement are subject to approval by the Board and by the stockholders of each constituent bank or savings association; 5. Provisions governing the manner of disposing of the shares of the resulting state bank not taken by dissenting shareholders of constituent banks or savings associations; and 6. Such other provisions as the Board requires to enable it to discharge its duties with respect to the merger.