MERGER.
Section 28
SEC. 28. MERGER.—Any one or more associations (each of which is hereinafter designated a "merging association") may merge with one or more other associations by complying with the following requirements: The proposition for the merger of the merging associations into the surviving association and proposed articles of merger to give effect thereto shall be submitted to a meeting of the members of each merging association and of the surviving association, the notice of which shall have attached thereto a copy of the proposed articles of merger or an accurate summary thereof. If the proposed merger and the proposed articles of merger, with any amendments, are approved by the affirmative vote of not less than two-thirds of all the members, articles of merger in the form approved shall be executed and acknowledged on behalf of each such association by its president and its seal affixed thereto and attested by its secretary. The articles of merger shall recite that they are executed pursuant to this Decree and shall state: the name of each merging association and the address of its principal office; the name of the surviving association and the address of its principal office; a statement that each merging association and the surviving association agree to the merger; the names and addresses of the directors of the surviving association; and the terms and conditions of the merger and the mode of carrying the same into effect, including the manner in which members of the merging association may or shall become member of the surviving association, and may contain any other provisions not inconsistent with this Decree that are deemed necessary or advisable for the conduct of the business of the surviving association. The president of each association executing such articles of merger shall make and annex thereto an affidavit stating that the provisions of this section with respect to such articles were duly complied with.