§ 19-7-7 - Powers authorized.
SECTION 19-7-7
§ 19-7-7 Powers authorized. – If organized under laws other than the laws of this state, a successor bank orpurchasing bank shall have and may exercise within this state the powers andprivileges granted to financial institutions. A successor financial institutionor purchasing financial institution shall have and may exercise in this statethe powers and privileges granted to it under the laws of this state, and, inany state under the laws of which one or more of its predecessor banks wasorganized or in which it operates a branch, the powers and privileges grantedto it under the laws of that state or states.