If the Bank Commissioner is satisfied that the applicants are bona fide residents of the state, that each of the congressional districts in the state is represented by at least one (1) applicant, that the applicants have the confidence of their respective communities, that public convenience and necessity require a development finance corporation, and that the proposed articles of incorporation conform to the provisions of ยง 15-4-906, the commissioner shall issue his or her certificate approving the articles of incorporation and authorizing the applicants to proceed with the organization of the development finance corporation.
Section: Previous 15-4-902 15-4-903 15-4-904 15-4-905 15-4-906 15-4-907 15-4-908 15-4-909 15-4-910 15-4-911 15-4-912 15-4-913 15-4-914 15-4-915 15-4-916 NextLast modified: November 15, 2016