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Maryland Code, Financial Institutions § 3-710

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) The successor shall act promptly to file and record the agreement in the same manner as required for articles of incorporation.

(b) One of the following certificates may be recorded in any office where deeds are recorded to evidence the new name in which the property of the constituent banks is held:

(1) A certificate of consolidation, merger, or transfer of assets that the Commissioner issues;

(2) A certificate that the Comptroller of the Currency of the United States or the Director of the Office of Thrift Supervision issues to effect a merger or consolidation in which a national banking association or a federally chartered savings bank or savings and loan association is the successor; or

(3) A certificate of consolidation, merger, or transfer of assets issued by the bank supervisory agency of the State by which an other-state bank is chartered.

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Cite this article: FindLaw.com - Maryland Code, Financial Institutions § 3-710 - last updated January 01, 2025 | https://codes.findlaw.com/md/financial-institutions/md-code-fin-inst-sect-3-710/

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