524.1404 Procedure after approval by superintendent — issuance of certificate of merger. If applicable state or federal laws require the approval of the merger by a federal or state agency, the superintendent may withhold delivery of the approved articles of merger untilthe superintendent receives notice of the decision of such agency. If the final approval of theagency is not given within six months of the superintendent’s approval, the superintendentshall notify the parties to the plan of merger that the approval of the superintendent hasbeen rescinded for that reason. If such agency gives its approval, the superintendent shalldeliver the articles of merger, with the superintendent’s approval indicated on the articles,to the secretary of state, and shall notify the parties to the plan of merger. The receipt ofthe approved articles of merger by the secretary of state constitutes filing of the articles ofmerger with that office. On the date upon which the merger is effective, the secretary of stateshall issue and send a certificate of merger to the resulting state bank and send a copy of thecertificate of merger to the superintendent. e upon which the merger is effective, the secretary of stateshall issue and send a certificate of merger to the resulting state bank and send a copy of thecertificate of merger to the superintendent. [C54, 58, 62, 66, §528B.6; C71, 73, 75, 77, 79, 81, §524.1404]95 Acts, ch 148, §111; 2022 Acts, ch 1062, §119; 2023 Acts, ch 66, §134Section amended Sat Dec 23 01:24:20 2023 Iowa Code 2024, Section 524.1404 (24, 1)
Iowa Legal Code