Washington Code 30A.49.030 – State or national bank to resulting state bank — Law applicable to nationals
Current as of: 2023 | Check for updates
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This section is applicable where there is to be a resulting state bank.
Terms Used In Washington Code 30A.49.030
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
Upon approval by the director, state or national banks may be merged to result in a state bank, or a national bank may convert into a state bank as hereafter prescribed, except that the action by a national bank shall be taken in the manner prescribed by and shall be subject to limitations and requirements imposed by the law of the United States which shall also govern the rights of its dissenting shareholders.