West Virginia Code 31A-8D-10 – Notice of subsequent merger
An out-of-state state bank that has established and maintains a branch in this state pursuant to this article, shall give at least forty-five days' prior written notice (or, in the case of an emergency transaction, such shorter notice as is consistent with applicable state or federal law) to the commissioner of any merger, consolidation or other transaction that would cause a change of control with respect to such bank or any bank holding company that controls such bank, with the result that an application would be required to be filed pursuant to the federal Change in Bank Control Act of 1978, as amended, 12 U.S.C. § 1817(j), or the federal Bank Holding Company Act of 1956, as amended, 12 U.S.C. §§1841 et seq., or any successor statutes thereto. Notice under this section shall not obviate the need the acquiring entity may have to file with the commissioner or board pursuant to section five of this article, or section three, article eight-a of this chapter.
Terms Used In West Virginia Code 31A-8D-10
- Bank: has the meaning set forth in 12 U. See West Virginia Code 31A-8D-2
- Bank holding company: has the meaning set forth in 12 U. See West Virginia Code 31A-8D-2
- Board: means the West Virginia Board of Banking and Financial Institutions. See West Virginia Code 31A-1-2
- Commissioner: means the West Virginia commissioner of banking then in office and, where appropriate, all of his or her successors and predecessors in office. See West Virginia Code 31A-8D-2
- Control: shall be construed consistently with the provisions of 12 U. See West Virginia Code 31A-8D-2
- Out-of-state state bank: means a bank chartered under the laws of any state other than West Virginia. See West Virginia Code 31A-8D-2
- State: means any state of the United States, the District of Columbia, any territory of the United States, Puerto . See West Virginia Code 31A-8D-2