Legality of Securities. At the Effective Date and Time, the shares of Company Common Stock to be exchanged for all of the issued and outstanding shares of Bank Common Stock will constitute valid and legally issued shares of Company Common Stock, fully paid and non-assessable. At the Effective Date and Time, the Company Warrants to be exchanged for all of the issued and outstanding Bank Warrants will constitute valid and legally issued Company Warrants.
Appears in 3 contracts
Samples: Agreement and Plan of Exchange, Agreement and Plan of Exchange (Investar Holding Corp), Agreement and Plan of Exchange (Investar Holding Corp)
Legality of Securities. At the Effective Date and Time, the outstanding shares of Bank Common Stock, to be exchanged for shares of Company Common Stock pursuant to be exchanged for all of the issued and outstanding shares of Bank Common Stock this Exchange Plan, will constitute valid and legally issued shares of Company Common Stockthe Bank, fully paid and and, except as provided in La. R.S. 6:262, non-assessable. At the Effective Date and Time, the Company Warrants to be exchanged for all of the issued and outstanding Bank Warrants will constitute valid and legally issued Company Warrants.
Appears in 3 contracts
Samples: Agreement and Plan of Exchange, Agreement and Plan of Exchange (Investar Holding Corp), Agreement and Plan of Exchange (Investar Holding Corp)
