Before a change may occur in the outstanding voting shares of a state bank that will result in a change in the control of the bank, or before any sales or transfers by or to a person, corporation or other legal entity of the aggregate of 10 percent or more of the voting shares of a state bank may be made, the transaction must be approved by the department.
Section: Previous 06.05.301 06.05.305 06.05.307 06.05.310 06.05.315 06.05.320 06.05.325 06.05.327 06.05.330 06.05.335 06.05.340 06.05.342 06.05.344 06.05.345 06.05.350 NextLast modified: November 15, 2016