30.49.010 - Definitions.

Definitions.

As used in this chapter:

     "Merging bank" means a party to a merger;

     "Converting bank" means a bank converting from a state to a national bank, or the reverse;

     "Merger" includes consolidation;

     "Resulting bank" means the bank resulting from a merger or conversion.

     Wherever reference is made to a vote of stockholders or a vote of classes of stockholders it shall mean only a vote of those entitled to vote under the terms of such shares.

[1986 c 279 § 43; 1955 c 33 § 30.49.010. Prior: 1953 c 234 § 1.]