Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter. (1) "Acquiring person" means a person acquiring or seeking to acquire control of a state trust company, directly or indirectly. (2) "Control," "controls," "controlled," and "controlling" mean: (a) The ownership of or ability or power to vote, directly, acting through one or more other persons, or otherwise indirectly, twenty-five percent or more of the outstanding shares of a class of voting securities of a state trust company or other company; (b) The ability to control the election of a majority of the board of a state trust company or other company; (c) The power to exercise, directly or indirectly, a controlling influence over the management or policies of the state trust company or other company as determined by the director after notice and an opportunity for hearing; or (d) The conditioning of the transfer of twenty-five percent or more of the outstanding shares or participation shares of a class of voting securities of a state trust company on the transfer of twenty-five percent or more of the outstanding shares of a class of voting securities of another state trust company or other company. (3) "Merger" includes consolidation. (4) "Merging trust company" means a party to a merger. (5) "Resulting trust company" means the trust company resulting from a merger.
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