Sec. 4. Whenever any bank or trust company shall have merged or consolidated with a national banking association, such bank or trust company shall thereupon cease to be a corporation under the laws of this state, except that for a term of three (3) years thereafter its corporate existence shall be deemed to continue for the purpose of prosecuting or defending suits by or against it, and of enabling it to close its concerns, and to dispose of and convey its property.
Formerly: Acts 1953, c.69, s.4.
Structure Indiana Code
Title 28. Financial Institutions
Article 3. Liquidation, Reorganization, and Merger
Chapter 2. Merger─state Banks and National Associations
28-3-2-1. Authority to Convert, Merge, or Consolidate
28-3-2-2. Plan of Conversion, Merger, or Consolidation; Required Approvals
28-3-2-3. Shareholders' Meeting; Completion of Conversion, Merger, or Consolidation
28-3-2-5. Effect of Conversion, Merger, or Consolidation on Obligations of State Bank
28-3-2-7. Effect of Conversion, Merger, or Consolidation on Fiduciary Relations of State Bank