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Current as of January 01, 2022 | Updated by FindLaw Staff
The articles of merger, consolidation or conversion shall be signed by two duly authorized officers of each party to the plan under their respective seals and shall contain:
(a) The names of the parties to the plan and of the resulting association or savings bank,
(b) The county of the principal place of business of each,
(c) The votes by which the plan was adopted and the time, place and notice of each meeting in connection with such adoption,
(d) The names and addresses of the first directors of the resulting association or the names and addresses of the first trustees of the savings bank,
(e) In case of a merger, any amendment of the articles of the resulting association or savings bank,
(f) A record of the employment contracts which are to be legally binding on the resulting association,
(g) In the case of a consolidation, the provisions required in articles of incorporation of a new association by section 203 1 of this act,
(h) In the case of a conversion, the provisions required in the articles of incorporation of a new association, or savings bank as the case may be,
(i) The plan.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-183. Articles of merger, consolidation or conversion - last updated January 01, 2022 | https://codes.findlaw.com/pa/title-7-ps-banks-and-banking/pa-st-sect-7-6020-183/
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