Part Definitions

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As used in this part, unless the context otherwise requires:

  1. “Bank” means a state or a national bank;
  2. “Continuing bank” means a merging bank the charter of which becomes the charter of the resulting bank;
  3. “Converting bank” means a bank converting from a state to a national bank, or the reverse;
  4. “Merger” includes consolidation;
  5. “Merging bank” means a party to a merger;
  6. “National bank” means a national banking association located in this state;
  7. “Resulting bank” means the bank resulting from a merger or conversion; and
  8. “State bank” means a bank chartered by this state.


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