6-212. Resulting national bank
89 words·~1 min read·
/az/title-6/6-212A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Nothing in the law of this state shall restrict the right of a state bank to merge with or convert into a national bank. The action to be taken by such merging or converting state bank and its rights and liabilities and those of its stockholders shall be as prescribed at the time of the action by the law of the United States, but the state bank shall give notice to the deputy director of the adoption by its board of directors of any plan of merger or conversion.