Current with changes from the 2024 Legislative Session
Section 3-701 - Definitions(a) In this subtitle the following words have the meanings indicated.(b) "Bank" means a commercial bank, a national banking association, an other-state bank, or a federally chartered savings bank or savings and loan association.(c) "Constituent bank" means a party to a consolidation, merger, or transfer of assets.(d) "Successor" means the bank that carries on the business of the constituent banks after a consolidation, merger, or transfer of assets.(e) "Transfer assets", "transfer its assets", or "transfer of assets" means to sell, lease, exchange, or otherwise transfer all or substantially all of the property and assets of a constituent bank.