Hightower v. American National Bank of Macon…
“ The resolution of the Commercial National's directors left the questions of voluntary liquidation and consolidation to the consideration and action of the shareholders, but expressly authorized the bank's officers to transfer all of its assets to the American National 'as cash' (meaning at an agreed or fixed cash valuation) or 'as collateral' to secure that bank for moneys 'advanced' to pay liabilities of the Commercial National; 'the details' being committed 'to the discretion' of such officers and they being empowered to enter into any necessary or appropriate contract. ”
