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Code · Nebraska · Chapter 8 — Banks and Banking

8-229.01. State trust company; merger or consolidation with state bank; procedure.

96 words·~1 min read·/ne/chapter-8/8-229-01

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any state trust company, with the approval of the Department of Banking and Finance, may, upon a vote of the holders of at least two-thirds of its capital stock, merge or consolidate with any state bank which has obtained powers to conduct a trust business pursuant to the Nebraska Trust Company Act. The merging trust company must file with the department a certificate of the stockholders of the trust company that the resolution to merge or consolidate has been duly adopted by the holders of at least two-thirds of the capital stock of the trust company.
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