{"data":{"id":"us-ok/okla.-stat.-tit.-6-6-1102","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 6, § 6-1102","heading":"Approval of merger by directors and merger agreement","body":"Where there is to be a resulting state bank, the board of\n\ndirectors of each constituent bank or savings association shall, by\n\na majority of the entire board, approve a merger agreement which\n\nshall contain:\n\n1. The name of each constituent bank or savings association and\n\nthe location of each office;\n\n2. With respect to the resulting bank the name and the location\n\nof each proposed office; the name and residence of each director to\n\nserve until the next annual meeting of the stockholders; the name\n\nand residence of each officer; the amount of capital, the number of\n\nshares and the par value of each share; whether preferred stock is\n\nto be issued and the amount, terms and preferences; the amendments\n\nto the charter and bylaws;\n\n3. The terms for the exchange of shares of the constituent\n\nbanks or savings associations for those of the resulting bank;\n\n4. A statement that the merger and the merger agreement are\n\nsubject to approval by the Board and by the stockholders of each\n\nconstituent bank or savings association;\n\n5. Provisions governing the manner of disposing of the shares\n\nof the resulting state bank not taken by dissenting shareholders of\n\nconstituent banks or savings associations; and\n\n6. Such other provisions as the Board requires to enable it to\n\ndischarge its duties with respect to the merger.","path":["OK Code","Title 6"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os6.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"e26668469613df3e5a02afd3c897ba62ea0b756d483712234835f896ecda2167","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-6-6-1101","next":"us-ok/okla.-stat.-tit.-6-6-1103"},"notice":"GroundRules: Original legal text. Not legal advice."}