{"data":{"id":"us-co/c.r.s.-11-103-702","jurisdiction":"us-co","citation":"C.R.S. § 11-103-702","heading":"Approval of merger by directors.","body":"(1) Where there is to be a resulting state bank, the board of directors of each constituent state bank shall, by a majority of the entire board, approve a merger agreement, which agreement shall contain:\n\n(a) The name of each constituent bank and the location of each office;\n\n(b) With respect to the resulting bank, the name and the location of each proposed office; the name and residence of each director to serve until the next annual meeting of the stockholders; the name and residence of each officer; the amount of capital, the number of shares, and the par value of each share; whether preferred stock is to be issued and the amount, terms, and preferences; the amendments to the charter and bylaws;\n\n(c) The terms for the exchange of shares of the constituent banks for those of the resulting bank;\n\n(d) A statement that the agreement is subject to approval by the banking board and by the stockholders of each constituent bank;\n\n(e) Provisions governing the manner of disposing of the shares of the resulting state bank not taken by dissenting shareholders of constituent banks;\n\n(f) Such other provisions as the banking board requires to enable it to discharge its duties with respect to the merger.","path":["Title 11 - FINANCIAL INSTITUTIONS","Article 103 - Organization and Corporate Functions","Part 7 - MERGER, CONSOLIDATION, CONVERSION, AND SALE OF ASSETS"],"source_url":"https://olls.info/crs/crs2026-title-11.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"6343dbb980516b1a7449fd639abab01dd0681e2d942d56615d5b057036df6a24","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-11-103-701","next":"us-co/c.r.s.-11-103-703"},"notice":"GroundRules: Original legal text. Not legal advice."}