9-1110.   Sale of bank assets.Upon the affirmative vote of a majority of theoutstandingvoting stock any bank for the purpose of liquidation, merger orconsolidation may sell all or any part of its assets to any other bank,either state or national, and may receive in payment cash or itsequivalent, shares of stock in the purchasing bank, or both.

      History:   L. 1947, ch. 102, § 39; L. 1951, ch. 120, § 2;L. 1996, ch. 175, § 15; Apr. 25.