Bank Capital Stock. At the Subsidiary Merger Effective Time, by virtue of the Subsidiary Merger and without any action on the part of the holder of any shares of common stock, $0.01 par value per share, of the Bank (the “Bank Common Stock”), all issued and outstanding shares of Bank Common Stock shall automatically be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor. Any shares of Bank Common Stock outstanding and held by a person who has not voted in favor of the Subsidiary Merger or consented thereto in writing and who has properly demanded appraisal for such shares shall be handled in accordance with the provisions of N.M. Stat. Xxx. § 58-4-10.
Bank Capital Stock. The authorized capital stock of Bank consists of 4,500,000 shares of common stock, $0.01 par value each, of which 917,622 shares are issued and outstanding, and 2,000,000 shares of serial preferred stock, none of which is outstanding. All of the outstanding shares of Bank's common stock are validly issued, fully paid, and nonassessable and are owned by Company, free and clear of all liens and encumbrances. There are no outstanding options, warrants, or other rights in or with respect to the unissued shares of Bank's common stock nor any securities convertible into the stock and Bank is not obligated to issue any additional shares of its common stock or any additional options, warrants, or other rights in or with respect to the unissued shares of Bank's common stock or any other securities convertible into Bank's common stock.
Bank Capital Stock. The authorized capital stock of ------------------ the Bank consists solely of 299,000 shares of common stock, of a par value of $1.00 per share ("Bank Common Stock"), of which 5,000 shares are issued and outstanding and owned by Pioneer.
Bank Capital Stock. The authorized capital stock of Bank consists solely of 2,650,000 shares of Class A common stock, par value $1.00 per share of the Bank, of which 1,168,575 shares are outstanding as of the date hereof, and 135,965 shares of Class B common stock, par value $1.00 per share of the Bank, of which 85,655 shares are outstanding as of the date hereof. As of the date hereof, there are no shares of Bank Stock held in treasury by Bank. The outstanding shares of Bank Stock have been duly authorized and validly issued and are fully paid and non-assessable. Bank does not have any Rights issued or outstanding with respect to Bank Stock and Bank does not have any commitment to authorize, issue or sell any Bank Stock or Rights other than 193,550 Bank Options. Bank Disclosure Schedule 4.03 sets forth the name of each holder of an Bank Option, identifying the nature of the award (incentive or non-qualified), the number of shares each such individual may acquire pursuant to the exercise of such options, the grant, vesting and expiration dates, and the exercise price relating to the options held.
Bank Capital Stock. At the Bank Merger Effective Time, by virtue of the Bank Merger and without any action on the part of any holder thereof:
Bank Capital Stock. At the Subsidiary Merger Effective Time, by virtue of the Subsidiary Merger and without any action on the part of the holder of any shares of common stock, $0.001 par value per share, of the Bank (the “Bank Common Stock”), all issued and outstanding shares of Bank Common Stock shall automatically be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor. Any shares of Bank Common Stock outstanding and held by a person who has not voted in favor of the Subsidiary Merger or consented thereto in writing and who has properly demanded appraisal for such shares shall be handled in accordance with the provisions of the Colorado Business Corporation Act.
Bank Capital Stock. Each share of the capital stock of Bank issued and outstanding immediately prior to the Effective Date shall, on the Effective Date, continue to be issued and outstanding as a share of capital stock of the Surviving Bank.
