A national bank located in this state may merge or consolidate with, or enter into a share exchange with, a corporation other than a bank or trust company, provided that:
(1) Such merger, share exchange, or consolidation is permitted by the laws of the United States and such laws are complied with;
(2) The laws governing the merger, share exchange, or consolidation of such corporation are complied with;
(3) The resulting institution of the merger or consolidation, or the acquired bank in a share exchange, is a national bank;
(4) The resulting institution of the merger or consolidation, or the acquired bank in a share exchange, holds only assets and liabilities and engages only in activities which may be held or engaged in by a national bank located in this state; and
(5) The merger, share exchange, or consolidation is not otherwise unlawful.
Section: Previous 7-1-550 7-1-551 7-1-552 7-1-553 7-1-554 7-1-555 7-1-556 7-1-557Last modified: October 14, 2016