Without approval by the Commissioner no asset shall be carried on the books of the resulting bank or purchasing bank at a valuation higher than that on the books of a merging, converting bank or selling bank at the time of its last examination by a state or national bank examiner before the effective date of the merger, conversion or sale. Added by Laws 1965, c. 161, § 1110.
Book value of assets
6 O.S. § 1110, under Title 6 — Banks and Trust Companies.
6 O.S. § 1110