Irving Trust Co. v. United States

On November 9, 1926, the Irving Bank and Trust Company and The American Exchange-Pacific Bank, both New York corporations, entered into an “Agreement for Merger” of the two corporations, under the terms of which the Bank *317was to be merged into the Trust Company. This agreement provided that, after it had been approved by the Superintendent of Banks and by the stockholders of the respective parties, it should become effective upon the filing in the offices of the Superintendent of Banks and of the Clerk of New York County of sworn copies of the proceedings at the respective corporation…