The bonds held by either bank in excess of the amount of the capital of the consolidated bank must be withdrawn prior to approval of the consolidation by the Comptroller. These are released upon deposit of lawful money to retire the outstanding circulation. The other bonds of the two banks lodged with the United States Treasury will be transferred to the consolidated bank for security for its notes.

If some shareholder objects to the terms of the consolidation, he may, by giving notice to the directors of his bank within twenty days of the approval of the consolidation by the Comptroller, be entitled to receive the value of his shares, ascertained by a committee of three persons, one representing the directors, one the shareholders, and the third chosen by these two. In case the shareholder is not satisfied with this appraised value, he may appeal to the Comptroller for final determination. These shares are then sold at public auction.