North Carolina General Statutes 54-162. Articles of merger or consolidation
(a) Upon such approval, articles of merger or articles of consolidation shall be executed by each association and filed as provided in N.C. Gen. Stat. § 55A-4, except that a copy thereof certified by the Secretary of State shall also be recorded in the office of the register of deeds of each county wherein the constituent associations have their principal places of business or their registered offices.
(b) The articles of merger or consolidation shall set forth:
(1) The plan of merger or the plan of consolidation; and
Terms Used In North Carolina General Statutes 54-162
- Quorum: The number of legislators that must be present to do business.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
(2) A statement setting forth the date of the meeting of the members of each association at which the plan was adopted, that a quorum was present at such meeting, and that such plan received at least two-thirds of the votes entitled to be cast by members present at each such meeting where a quorum was present.
(c) The time when the merger or consolidation is effected is determined by the provisions of N.C. Gen. Stat. § 55A-4 (1963, c. 1168, s. 13; 1967, c. 823, s. 15.)