Section 389:2 National Bank May Become State Bank by Merger.
Upon compliance with the applicable provisions of this chapter, a national bank may merge with another bank or banks to become a state bank, except that the action by a national bank shall be taken in the manner prescribed by and shall be subject to limitations and requirements imposed by the law of the United States which will also govern the rights of its dissenting stockholders.
Source. 1951, 182:1, par. 22, eff. July 18, 1951.