Current as of January 01, 2018 | Updated by FindLaw Staff
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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.
Cite this article: FindLaw.com - Mississippi Code Title 81. Banks and Financial Institutions § 81-27-6.403 § 81-27-6.403. Approval of commissioner - last updated January 01, 2018 | https://codes.findlaw.com/ms/title-81-banks-and-financial-institutions/ms-code-sect-81-27-6-403/
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