Nothing in the law of this state shall restrict the right of a state bank to merge with or convert into a national bank. The action to be taken by such merging or converting state bank and its rights and liabilities and those of its stockholders shall be as prescribed at the time of the action by the law of the United States, but the state bank shall give notice to the deputy director of the adoption by its board of directors of any plan of merger or conversion.
A.R.S. § 6-212
Resulting national bank
Applied in 1 court decision — leading case Community Bank of Arizona v. G.V.M. Trust (2004)
Most recently applied in Community Bank of Arizona v. G.V.M. Trust (May 2004)
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.