Section 1710. Rights of Dissenting Shareholders of Converting National Bank or Interstate Bank
If a shareholder of a national bank or interstate bank which converts into an institution shall object to the plan of conversion and shall comply with the requirements of applicable laws of the United States or the laws of the jurisdiction under which the interstate bank exists, the resulting institution shall be liable for the value of his shares as determined in accordance with such laws of the United States or the laws of the jurisdiction under which the interstate bank exists. If the laws of the United States do not provide rights of dissenting shareholders or requirements for the exercise of such rights and the valuation of shares, such shareholder shall be entitled to the rights and remedies of a dissenting shareholder under, and subject to compliance with, the provisions of section 1222 of this act.
(1710 amended July 6, 1995, P.L.271, No.39)
Compiler's Note: See Act 39 of 1995 in the appendix to this act for special provisions relating to legislative purpose.