Approval by Boards of Directors and Shareholders. The Boards of Directors of the Bank and the Corporation shall have duly approved and adopted this Agreement by appropriate resolutions, and the shareholders of the Bank shall have duly approved, ratified, and confirmed this Agreement to the extent required by and in accordance with this Agreement and North Carolina law.
Appears in 3 contracts
Sources: Reorganization and Share Exchange Agreement (Bank of the Carolinas CORP), Reorganization and Share Exchange Agreement (Mountainbank Financial Corp), Reorganization and Share Exchange Agreement (Mountainbank Financial Corp)
Approval by Boards of Directors and Shareholders. The Boards of Directors of the Bank and the Corporation shall have duly approved and adopted this Agreement by appropriate resolutions, and the shareholders of the Bank shall have duly approved, ratified, and confirmed this Agreement to the extent required by and in accordance with this Agreement and the North Carolina lawGeneral Statutes).
Appears in 1 contract
Sources: Agreement and Plan of Holding Company Reorganization and Share Exchange (North State Bancorp)
Approval by Boards of Directors and Shareholders. The Boards of Directors of the Bank and the Corporation BankCorp shall have duly approved and adopted this Agreement by appropriate resolutions, and the shareholders of the Bank shall have duly approved, ratified, and confirmed this Agreement to the extent required by and in accordance with this Agreement and applicable North Carolina law.
Appears in 1 contract
Sources: Reorganization and Share Exchange Agreement (Bank of Wilmington CORP)