If the laws of the United States require the approval of the merger or consolidation by any federal agency, the superintendent shall, after the superintendent's approval, retain the articles of merger or consolidation until the superintendent receives notice of the decision of such agency. If the final approval of the agency is not given, the superintendent shall notify the parties to the plan that the approval of the superintendent has been rescinded for that reason. If such agency gives its approval, the superintendent shall deliver the articles of merger or consolidation, with the superintendent's approval indicated thereon, to the secretary of state, and shall notify the parties to the plan. The receipt of the approved articles of merger or consolidation by the secretary of state shall constitute filing thereof with that office. The secretary of state shall record the articles of merger or consolidation in the secretary of state's office, and the same shall be filed and recorded in the office of the county recorder in each county in which the parties to the plan had previously maintained a principal place of business and, in the case of a consolidation, in the county in which the new state bank is to maintain its principal place of business. On the date upon which the merger or consolidation is effective the secretary of state shall issue a certificate of merger or consolidation and send the same to the resulting state bank and a copy thereof to the superintendent.
[C54, 58, 62, 66, § 528B.6; C71, 73, 75, 77, 79, 81, § 524.1404]
Iowa General Assembly
Search: Iowa Code 1995
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