Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 3. BANKING INSTITUTIONS -- COMMERCIAL BANKS |
SUBTITLE 7. CONSOLIDATIONS, MERGERS, AND TRANSFERS OF ASSETS |
PART I. IN GENERAL |
§ 3-710. Recording of documents
Latest version.
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(a) Agreement. -- The successor shall act promptly to file and record the agreement in the same manner as required for articles of incorporation.
(b) Certificates. -- One of the following certificates may be recorded in any office where deeds are recorded to evidence the new name in which the property of the constituent banks is held:
(1) A certificate of consolidation, merger, or transfer of assets that the Commissioner issues;
(2) A certificate that the Comptroller of the Currency of the United States or the Director of the Office of Thrift Supervision issues to effect a merger or consolidation in which a national banking association or a federally chartered savings bank or savings and loan association is the successor; or
(3) A certificate of consolidation, merger, or transfer of assets issued by the bank supervisory agency of the State by which an other-state bank is chartered.
HISTORY: An. Code 1957, art. 11, § 114; 1980, ch. 33, § 2; ch. 807, § 1; 1994, ch. 72; 1995, ch. 213, § 2; 1996, ch. 10, § 1; ch. 326, § 2.