Published: 2015

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Article 1 Consolidation, Merger or Transfer of State Banks.

Section 5-7A-1 Banks may merge or consolidate; transfer of place of business.

Section 5-7A-2 Proceedings to effect consolidation, merger or transfer.

Section 5-7A-3 Certificate of proceedings to be forwarded to Superintendent of Banks.

Section 5-7A-4 Issuance of certificate of approval by superintendent.

Section 5-7A-5 Examinations; written consent of superintendent to consolidation.

Section 5-7A-6 Appeals; applicability of article to branch banks, etc.

Article 2 Conversion of National Banks Into State Banks.

Section 5-7A-20 Conversion of national bank, etc., into state bank - Procedure.

Section 5-7A-21 Conversion of national bank, etc., into state bank - Execution of articles of incorporation and organization certificate; powers of directors, etc.

Section 5-7A-22 Conversion of national bank, etc., into state bank - Powers and duties of bank, stockholders, officers, etc., upon issuance of certificate.

Section 5-7A-23 Declaration of incorporation.

Section 5-7A-24 Issuance of stock by state bank.

Article 3 Conversion of State Banks Into or Consolidation With National Banks.

Section 5-7A-40 Authorized; exchange of stock.

Section 5-7A-41 Meeting of stockholders for purpose of conversion or consolidation.

Section 5-7A-42 Transfer of property of state bank to national bank.

Section 5-7A-43 Continuation of identity, obligations, etc., of state bank.

Section 5-7A-44 Rights of dissenting shareholders.

Section 5-7A-46 Sections not to affect general or local law, etc.

Article 4 Conversion of Savings Institutions Into State Banks.

Section 5-7A-60 Purpose.

Section 5-7A-61 Definitions.

Section 5-7A-62 Application to convert charter; written plan of conversion; authorizing resolution; submission to superintendent; fee; tentative approval; vote of stockholders or members; directors; articles of incorporation and bylaws; statement of superintendent's objections; amendment; appeal of disapproval; application to FDIC; final approval and permit.

Section 5-7A-63 Resulting bank as continuation of savings institution.

Section 5-7A-64 Maintenance and operation of offices.

Section 5-7A-65 Expansion or branching limited.