No industrial loan institution shall deposit any of its funds in any banking corporation unless the corporation has been designated as a depository by vote of a majority of directors, or of the executive committee, exclusive of any director who is an officer, director, or trustee of the depository so designated, present at any duly called meeting at which a quorum is in attendance.
Section: Previous 23-36-104 23-36-105 23-36-106 23-36-107 23-36-108 23-36-109 23-36-110 23-36-111 23-36-112 23-36-113 23-36-114 23-36-115 23-36-116 23-36-117 NextLast modified: November 15, 2016