658.40 – Definitions for Merger and Consolidation.
658.40 Definitions for merger and consolidation.—As used in the provisions of this code relating to the merger and consolidation of banks and trust companies, unless the context requires otherwise: (1) “Constituent bank or trust company” means a bank or a state trust company which is a party to a merger. (2) “Merger” includes consolidation. (3) “Resulting bank or trust […]
658.82 – Receiver; Powers and Duties.
658.82 Receiver; powers and duties.— (1) When the Federal Deposit Insurance Corporation or other appropriate federal agency is appointed receiver of the bank, it may proceed independently with the receivership pursuant to its rules and regulations. (2) Any other receiver appointed pursuant to s. 658.80 shall be subject to the supervision of the office and shall have the […]
658.41 – Merger; Resulting State or National Bank.
658.41 Merger; resulting state or national bank.— (1) Upon filing of an application with the office by the constituent banks or trust companies, and upon approval by the office, banks and state trust companies may be merged with a resulting state bank or state trust company, as prescribed in this code, except that the action by a […]
658.83 – Liquidator; Powers and Duties.
658.83 Liquidator; powers and duties.— (1) When the Federal Deposit Insurance Corporation or other appropriate federal agency is appointed liquidator or makes a decision to liquidate a bank of which it has been appointed receiver, it may proceed independently with liquidation pursuant to its rules and regulations. (2) Any other liquidator appointed pursuant to s. 658.80 shall, subject […]
658.42 – Plan of Merger and Merger Agreement.
658.42 Plan of merger and merger agreement.— (1) If the resulting bank or trust company will be a state bank or a state trust company, the constituent banks or trust companies shall adopt a plan of merger and merger agreement stating the method, terms, and conditions of the merger, including the rights of the stockholders of each […]
658.84 – Transfers by Banks and Other Acts in Contemplation of Insolvency.
658.84 Transfers by banks and other acts in contemplation of insolvency.— (1) Any and all transfers of the notes, bonds, bills of exchange, or other evidences of debt owing to any bank or trust company or of deposits to its credit; all assignments of mortgages, securities, or real estate or of any judgments or decrees in its […]
658.43 – Approval by Office; Valuation of Assets; Emergency Action.
658.43 Approval by office; valuation of assets; emergency action.— (1) After approval by the board of directors of each constituent bank or trust company, the plan of merger and merger agreement shall be submitted to the office for approval, together with a certified copy of the authorizing resolutions of the board of directors of each constituent state […]
658.90 – Receivers or Liquidators Under Supervision of Office.
658.90 Receivers or liquidators under supervision of office.—The provisions of ss. 658.79-658.96 shall apply to all receivers or liquidators of any bank or trust company heretofore appointed by the order of any circuit court, and all such receivers or liquidators, both those hereunder and those hereafter appointed by the circuit court, shall at all times be […]
658.44 – Approval by Stockholders; Rights of Dissenters; Preemptive Rights.
658.44 Approval by stockholders; rights of dissenters; preemptive rights.— (1) The office shall not issue a certificate of merger to a resulting state bank or trust company unless the plan of merger and merger agreement, as adopted by a majority of the entire board of directors of each constituent bank or trust company, and as approved by […]
658.45 – Certificate of Merger and Effective Date; Effect on Charters and Powers.
658.45 Certificate of merger and effective date; effect on charters and powers.— (1) Promptly upon compliance with the provisions of s. 658.44(9), the office shall issue to the resulting bank a certificate of merger setting forth the name of each constituent bank and trust company, the name of the resulting bank or trust company, and the effective […]