Guam § 106308 - Continuation of Corporate Entity; Use of Old Name.

§ 106308. Continuation of Corporate Entity; Use of Old Name.

(a) A resulting territorial or national bank shall be considered the same business and corporate entity

as each merging territorial bank or as the converting territorial bank with all the property, rights, powers,

duties and obligations of each merging bank or the converting bank, except as affected by Guam law in the

case of a resulting territorial bank or the Federal law in the case of a resulting national bank, and by the

charter and by-laws of the resulting bank.

(b) A resulting bank shall have the right to use the name of any merging bank or of the converting

bank whenever it deems it more convenient to do so.

(c) Any reference to a merging or converting bank in any writing, whether executed or taking effect

before or after the merger or conversion, shall be deemed a reference to the resulting bank if not inconsistent

with the other provisions of such writing.