Oklahoma § 6-1101 - Merger or conversion
Full text of Oklahoma Oklahoma Statutes § 6-1101 — Merger or conversion, with citation guidance and answers to common questions.
§ 6-1101. Merger or conversion
A. Resulting State Bank. Upon approval of the Board, banks or
savings associations may be merged with or converted into a
resulting state bank as hereafter prescribed, except that the action
by a constituent national bank or federal savings association shall
be taken in the manner prescribed by and shall be subject to any
limitation or requirements imposed by any law of the United States
which shall also govern the rights of its dissenting shareholders.
B. Resulting National Bank. Nothing in the law of this state
shall restrict the right of a state bank or state savings
association to merge with or convert into a resulting national bank.
The action to be taken by a constituent state bank or state savings
association and its rights and liabilities and those of its
shareholders shall be the same as those prescribed for national
Oklahoma Statutes - Title 6. Banks and Trust Companies
banks at the time of the action by the applicable laws of the United
States and not by the laws of this state. Upon the completion of
the merger or conversion into a national bank, all authority and the
charter of any merging or converting state bank or state savings
association shall automatically terminate.
Added by Laws 1965, c. 161, § 1101. Amended by Laws 1990, c. 173, §
7, emerg. eff. May 3, 1990.
Frequently Asked Questions About Oklahoma § 6-1101
What does Oklahoma Statutes § 6-1101 cover?
Section 6-1101 ("Merger or conversion") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 6-1101?
A common citation format is "Oklahoma Statutes § 6-1101" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 6-1101 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.