12 U.S. Code § 2279a - Power to merge
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The banks within a district may merge into a single entity (hereinafter in this subchapter referred to as a “merged bank”) if the plan of merger is approved by—
(3) a majority of the stockholders of each bank voting, in person or by proxy, at a duly authorized stockholders’ meeting with each association entitled to cast a number of votes equal to the number of its voting stockholders; and
Source(Pub. L. 92–181, title VII, § 7.0, as added Pub. L. 100–233, title IV, § 416,Jan. 6, 1988, 101 Stat. 1645; amended Pub. L. 100–399, title IV, § 408(b),Aug. 17, 1988, 102 Stat. 1001.)
1988—Pub. L. 100–399substituted “The banks” for “Two or more banks” in introductory provisions, and in par. (3) substituted “with each association entitled to cast a number of votes equal to the number of its voting” for “in accordance with the provisions of section 2223 (c) of this title relating to the casting of votes by”.
Effective Date of 1988 Amendment
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