If a party to a merger or converting bank has assets which do not conform to the requirements of state law for the resulting state bank or if it carries on business activities which are not permitted for the resulting state bank, the Bank Commissioner may permit a reasonable time in which to conform with state law.
Section: Previous 23-48-502 23-48-503 23-48-504 23-48-505 23-48-506 23-48-507 23-48-508 23-48-509 23-48-510 23-48-511 23-48-512 NextLast modified: November 15, 2016