§ 6-1110. Book value of assets.  


Latest version.
  • Without approval by the Commissioner no asset shall be carried on the books of the resulting bank or purchasing bank at a valuation higher than that on the books of a merging, converting bank or selling bank at the time of its last examination by a state or national bank examiner before the effective date of the merger, conversion or sale.

Added by Laws 1965, c. 161, § 1110.