362.610. Banks and trust companies may merge or consolidate. - Missouri Statutes

Banks and trust companies may merge or consolidate.

362.610. Any bank, banks, trust company or trust companies, organizedpursuant to the laws of this state, may be merged in any other such bank ortrust company, or may be consolidated with any other such bank, banks,trust company or trust companies, to form a consolidated corporationpursuant to this chapter, on compliance with the provisions of sections362.610 to 362.810; except that the consolidated corporation shall not be abank unless one of the parties to the consolidation or merger was a bank,or upon compliance with the provisions of section 362.118, and theconsolidated corporation shall not be a trust company unless one of theparties to the consolidation or merger was a trust company, or uponcompliance with the provisions of section 362.117. Since federal lawpermits out-of-state banks to merge with a national bank headquartered inMissouri, any out-of-state bank or trust company may be merged orconsolidated with any Missouri bank or trust company, and any Missouri bankor trust company may merge or consolidate with any out-of-state bank ortrust company, upon compliance with the provisions of section 362.077.

(L. 1967 p. 445, A.L. 1997 H.B. 257, A.L. 1999 S.B. 386)

(Source: RSMo 1959 § 363.770)