As used in this article, unless the context otherwise requires:

1. A. "association" includes a state or federal savings and loan association unless limited by use of the words "state" or "federal";
2. B. "converting bank" means a bank converting from a state bank to a national bank or the reverse;
3. C. "merger" includes consolidation;
4. D. "merging bank" means a party to a merger;
5. E. "resulting bank" means the bank resulting from a merger or conversion; and
6. F. "dissenting stockholder" means a stockholder dissenting and voting his dissent as provided in this article.

History: 1941 Comp., § 50-1901, enacted by Laws 1951, ch. 37, § 1; 1953 Comp., § 48-13-1; Laws 1993, ch. 210, § 2.

ANNOTATIONS

Cross references. — For the Interstate Bank Branching Act, see 58-1C-1 NMSA 1978.

The 1993 amendment, effective June 18, 1993, substituted "article" for "title" in the introductory language and Subsection F, added present Subsection A, redesignated former Subsections A through E as present Subsections B through F, inserted "bank" following "state" in Subsection B, and made a stylistic change.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks §§ 27 to 29.

Consolidation or merger of bank as affecting statutory superadded liability of stockholders, 154 A.L.R. 427.

9 C.J.S. Banks and Banking §§ 158 et seq., 495, 570, 571.