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§ 81-27-6-403 — Mississippi Law | CourtGPT
  1. Home/
  2. Laws/
  3. Mississippi/
  4. Title 81 - Banks and Financial Institutions/
  5. Chapter 27 - Multistate, State and Limited Liability Trust Institutions/
  6. Article 6 - Additional Definitions; Ownership; Governance; Mergers Sub/
  7. Subarticle E - Merger, Consolidation, Transfer of Assets/
  8. § 81-27-6-403
Mississippi Legal Code

§ 81-27-6-403

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(a) 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.(b) A merger is effective on the date of approval, unless the merger agreement provides and the commissioner consents to a different effective date. Laws, 1998, ch. 437, § 1, eff. 7/1/1998.