2005 Idaho Code - 26-904 — MERGER -- APPROVAL BY STOCKHOLDERS OF STATE BANKS

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 9
                    CONSOLIDATION, SALE AND REORGANIZATION
    26-904.  MERGER -- APPROVAL BY STOCKHOLDERS OF STATE BANKS. (1) To be
effective, a merger which is to result in a state bank must be approved by the
stockholders of each merging state bank by a vote of two-thirds (2/3) of the
outstanding voting stock of each class at a meeting called to consider such
action, which vote shall constitute the adoption of the charter and bylaws of
the resulting state bank, including the amendments in the merger agreement.
    (2)  Notice of the meeting of stockholders of each state bank shall be
given by publication in a newspaper of general circulation in the place where
its principal office is located at least once a week for four (4) successive
weeks, and by mail at least fifteen (15) days before the date of the meeting,
to each stockholder of record of each merging bank at his address on the books
of his bank; no notice by publication need be given if written waivers are
received from the holders of two-thirds (2/3) of the outstanding shares of
each class of stock. The notice shall be accompanied by a copy of section
26-909, Idaho Code, and shall state that the section sets forth the exclusive
rights and remedies of dissenting stockholders.