If the superintendent approves the entire proceedings, he shall issue his certificate of approval in writing, in duplicate, one copy being filed in his office and the other forwarded, along with the certificate, to the official or officials where articles of merger or consolidation would be filed under the business corporation laws of this state, for record at the expense of the institution affected.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 7A - Bank Merger, Consolidation, or Conversion.
Article 1 - Consolidation, Merger or Transfer of State Banks.
Section 5-7A-1 - Banks May Merge or Consolidate; Transfer of Place of Business.
Section 5-7A-2 - Proceedings to Effect Consolidation, Merger or Transfer.
Section 5-7A-3 - Certificate of Proceedings to Be Forwarded to Superintendent of Banks.
Section 5-7A-4 - Issuance of Certificate of Approval by Superintendent.
Section 5-7A-5 - Examinations; Written Consent of Superintendent to Consolidation.
Section 5-7A-6 - Appeals; Applicability of Article to Branch Banks, Etc.