Revised Code of Washington - RCW Title 30 Banks And Trust Companies - Chapter 30.53 Merging Trust Companies

• 30.53.010 Definitions
  Unless the context clearly requires otherwise, the definitions in this section apply through this chapter. (1) "Merging trust company" means a party to a merger. ...
• 30.53.020 Approval by director -- Required
  Upon approval by the director, trust companies may be merged to result in a trust company.[1994 c 256 § 60.]Notes:      Findings -- Construction -- 1994 ...
• 30.53.030 Contents of merger agreement -- Approval by each board of directors -- Requirements for director's approval
  (1) The board of directors of each merging trust company shall, by a majority of the entire board, approve a merger agreement that must contain: ...
• 30.53.040 Approval by stockholders -- Voting -- Notice
  (1) To be effective, a merger that is to result in a trust company must be approved by the stockholders of each merging trust company ...
• 30.53.050 Effective date of merger -- Certificate of merger
  (1) A merger that is to result in a trust company shall, unless a later date is specified in the agreement, become effective after the ...
• 30.53.060 Resulting trust company -- Property, rights, powers, and duties
  (1) A resulting trust company shall be the same business and corporate entity as each merging trust company with all property, rights, powers, and duties ...
• 30.53.070 Dissenting shareholders -- May receive value in cash -- Appraisal
  (1) The owner of shares of a trust company that were voted against a merger to result in a trust company shall be entitled to ...
• 30.53.080 Valuation of assets -- Books of merging trust company
  Without approval by the director, no asset shall be carried on the books of the resulting trust company at a valuation higher than that on ...

Last modified: April 7, 2009