Common use of Effect of Share Exchange Clause in Contracts

Effect of Share Exchange. At the Effective Date, the Share Exchange shall have the effect as provided in Section 13.1-721 of the Virginia Stock Corporation Act.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (MainStreet Bancshares, Inc.), Agreement and Plan of Reorganization (Alliance Bankshares Corp), Agreement and Plan of Reorganization (First Bankshares, Inc.)

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Effect of Share Exchange. At the Effective Date, the Share Exchange shall have the effect as provided provide in Section 13.1-721 of the Virginia Stock Corporation Act and the National Banking Act.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Access National Corp)

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