§ 103.205. Notice to Stockholders.

Latest version.

Promptly after execution of a merger agreement, and in any event within ten days after such execution, each constituent association shall mail to each of its stockholders a notice advising them that the merger agreement has been executed. Such notice shall, in addition, contain the following information:
(a) A statement of the general terms of the merger agreement, including a description of the nature and amount of consideration to be paid, and to whom, and
(b) A statement of necessary approvals from state and federal authorities.
The said notice need not be mailed to any stockholder who has in writing waived the right the receive the notice.

HISTORY

1. Change without regulatory effect renumbering former Section 203.2 to Section 103.205 (Register 87, No. 14). For prior history, see Register 71, No. 32.

Note

Note: Authority cited: Section 5255, Financial Code. Reference: Sections 9200-9218, Financial Code.

                    
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