"Interstate Merger Transaction" Defined

Checkout our iOS App for a better way to browser and research.

Sec. 15. As used in this chapter, "interstate merger transaction" means:

(1) the merger or consolidation of banks with different home states, and the conversion of branches of any bank involved in the merger or consolidation into branches of the resulting bank; or

(2) the purchase of all the assets (including all of the branches) of a bank whose home state is different from the home state of the acquiring bank that results in the dissolution of the selling bank.

As added by P.L.171-1996, SEC.36.


Download our app to see the most-to-date content.