(a) Upon approval of the State Banking Board and payment of the fees, the Bank Commissioner shall give to the persons named as incorporators a certificate of incorporation, in the form that he or she may prescribe, if the commissioner has made satisfactory determinations as to the matters described in ยง 23-48-304(d)(1)-(4) and is also satisfied that appropriate federal deposit insurance has been obtained.
(b) The commissioner shall also return one (1) of the copies submitted to him or her of the articles of incorporation upon which he or she has endorsed the fact of the issuance by him or her of the certificate of incorporation.
(c) Upon receipt of the certificate of incorporation, the institution may proceed with its business.
Section: Previous 23-48-302 23-48-303 23-48-304 23-48-305 23-48-306 23-48-307 23-48-308 23-48-309 23-48-310 23-48-311 23-48-312 23-48-313 23-48-314 23-48-315 NextLast modified: November 15, 2016