§ 3-701
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/md/financial-institutions/3-701A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§3–701.
(a)In this subtitle the following words have the meanings indicated.
(b)“Bank” means a commercial bank, a national banking association, an other-state bank, or a federally chartered savings bank or savings and loan association.
(c)“Constituent bank” means a party to a consolidation, merger, or transfer of assets.
(d)“Successor” means the bank that carries on the business of the constituent banks after a consolidation, merger, or transfer of assets.
(e)“Transfer assets”, “transfer its assets”, or “transfer of assets” means to sell, lease, exchange, or otherwise transfer all or substantially all of the property and assets of a constituent bank.