Section 19-7-3. – Interstate mergers of stock financial institutions.
§ 19-7-3. Interstate mergers of stock financial institutions. (a) Any financial institution organized with capital stock may, subject to the approval of the director, or the director’s designee, merge or consolidate with one or more banks: (1) Each of which is organized with capital stock and is either a financial institution or an out-of-state bank; […]
Section 19-7-4. – Interstate mergers of mutual financial institutions.
§ 19-7-4. Interstate mergers of mutual financial institutions. (a) Any financial institution organized without capital stock may, subject to the approval of the director, or the director’s designee, merge or consolidate with one or more institutions, if: (1) Each institution is organized without capital stock and is either a financial institution or an out-of-state bank; […]