45-2-1301 - Part definitions.

45-2-1301. Part definitions.

As used in this part, unless the context otherwise requires:

     (1)  “Bank” means a state or a national bank;

     (2)  “Continuing bank” means a merging bank the charter of which becomes the charter of the resulting bank;

     (3)  “Converting bank” means a bank converting from a state to a national bank, or the reverse;

     (4)  “Merger” includes consolidation;

     (5)  “Merging bank” means a party to a merger;

     (6)  “National bank” means a national banking association located in this state;

     (7)  “Resulting bank” means the bank resulting from a merger or conversion; and

     (8)  “State bank” means a bank chartered by this state.

[Acts 1969, ch. 36, § 1 (3.401); T.C.A., § 45-601.]