Acquired Bank

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Sec. 1. As used in this chapter, "acquired bank" means:

(1) any nonsurviving bank in a merger or consolidation of banks; or

(2) any bank that:

(A) sells all or substantially all of its assets; and

(B) subsequently dissolves as a result of the transaction.

As added by P.L.265-1985, SEC.3. Amended by P.L.171-1996, SEC.29.


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