If the agreement provides for a merger, then it shall set out:
(1) The names of the companies thereto;
(2) The terms and conditions of the merger, and the mode of carrying same into effect;
(3) The corporate name of the receiving bank or trust company under the merger; the name may be the name in whole or in part of any bank or trust company which is a party to the merger;
(4) The names of the persons who shall constitute the board of directors of the receiving company, after the merger is accomplished, provided that the number and the qualifications of the directors shall be in accordance with the provisions of this chapter relating to the number and qualifications of directors of banks and trust companies.