§ 3–701

In this subtitle the following words have the meanings indicated.

“Bank” means a commercial bank, a national banking association, an other-state bank, or a federally chartered savings bank or savings and loan association.

“Constituent bank” means a party to a consolidation, merger, or transfer of assets.

“Successor” means the bank that carries on the business of the constituent banks after a consolidation, merger, or transfer of assets.

“Transfer assets”, “transfer its assets”, or “transfer of assets” means to sell, lease, exchange, or otherwise transfer all or substantially all of the property and assets of a constituent bank.