§ 54-162. Articles of merger or consolidation. - North Carolina Statutes

§54‑162.  Articles of merger or consolidation.

(a)        Upon such approval,articles of merger or articles of consolidation shall be executed by eachassociation and filed as provided in G.S. 55A‑4, except that a copythereof certified by the Secretary of State shall also be recorded in theoffice of the register of deeds of each county wherein the constituentassociations have their principal places of business or their registeredoffices.

(b)        The articles ofmerger or consolidation shall set forth:

(1)        The plan of mergeror the plan of consolidation; and

(2)        A statement settingforth the date of the meeting of the members of each association at which theplan was adopted, that a quorum was present at such meeting, and that such planreceived at least two‑thirds of the votes entitled to be cast by memberspresent at each such meeting where a quorum was present.

(c)        The time when themerger or consolidation is effected is determined by the provisions of G.S. 55A‑4.(1963, c. 1168, s. 13; 1967, c. 823, s. 15.)