Approval of commissioner

1. Law
2. Mississippi Code
3. Banks and Financial Institutions
4. Multistate, State and Limited Liability Trust Institutions
5. Additional Definitions; Ownership; Governance; Mergers
6. Transfer of Assets
7. Approval of commissioner

If the commissioner approves the merger and finds that all required filing fees and investigative costs have been paid, the commissioner shall:

1. Endorse the face of the original and each copy with the date of approval and the word "Approved";
2. File the original in the department's records; and
3. Deliver a certified copy of the articles of merger to each surviving, new, or acquiring entity.

A merger is effective on the date of approval, unless the merger agreement provides and the commissioner consents to a different effective date.

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