51A-14-2. Purchase of assets and assumption of liabilities.
49 words·~1 min read·
/sd/title-51/chapter-51-14/51a-14-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A bank may purchase the assets and assume the liabilities of another state bank, national bank or savings and loan association organized pursuant to 12 U.S.C. § 1464 as amended as of January 1, 1990. The provisions of §§ 51A-2-16 and 51A-3-7 to 51A-3-12 , inclusive, govern such applications.