17-5545.   Merger binding and effective uponcommissioner's approval;recordation; duties of commissioner.Upon the approval of the commissioner, which approval shall be endorsedupon three copies of the merger agreement, the merger agreementshall becomebinding upon the respective merging associations and the merger shallthereupon be effective. The commissioner shall place a copy of the mergeragreement so endorsed in the permanent files of his office and forward acopy of the merger agreement so endorsed to the secretary of state forfiling. The remaining copy of the merger agreement soendorsed shallbe returned to the association resulting from such merger,and shall be for its permanent records. Such association shall filea copy of such merger agreement certified by the register of deeds of thecounty in which the home office of such association is located in everycounty in which it shall be necessary in order to show transfer of title toproperty. The commissioner, upon such approval, shall, if one or more ofthe merging associations is a federal savings and loan association, notifythe federal home loan bank.

      History:   L. 1943, ch. 133, § 123;L. 1998, ch. 189, § 6; July 1.