(1) The resulting state bank shall be considered the same business and corporate entity as each constituent bank with all of the rights, powers, and duties of each constituent bank, except as limited by the charter and bylaws of the resulting state bank.
The resulting state bank has the right to use the name of any constituent bank whenever it can do any act under such name more conveniently.
Any reference to any constituent bank in any writing, whether executed or takingeffect before or after the merger, shall be deemed a reference to the resulting state bank if not inconsistent with the other provisions of such writing.
Source: L. 2003: Entire article added with relocations, p. 1098, § 3, effective July 1.
Editor's note: This section is similar to former § 11-4-107 as it existed prior to 2003.