- § 7-1-390 - Incorporators
One or more natural persons 18 years of age or over may act as incorporators of a bank or trust company.
- § 7-1-390.1 - Organization of Bank or Trust Company As Limited Liability Company; Promulgation of Rules and Regulations Governing
(a) Subject to the requirements and restrictions of this chapter including, but not limited to, deposit insurance requirements where applicable, a bank or trust...
- § 7-1-391 - Prohibition of Promoters' Fees
(a) A bank or trust company shall not pay any fee, compensation, or commission for promotion in connection with its organization or apply any...
- § 7-1-392 - Articles of Incorporation; Advertisement of Articles or Notice of Application; Naming Registered Agent
(a) The articles of incorporation shall be signed by each of the incorporators and shall set forth in the English language: (1) The name...
- § 7-1-393 - Additional Filings With Department; Fees
The incorporators shall also file with the department: (1) Information desired by the department in order to evaluate the proposed institution which shall be...
- § 7-1-394 - Investigation; Approval or Disapproval by Department; Abbreviated Procedures
(a) Upon receipt of the articles and the filings and fees from the incorporators as required by Code Section 7-1-393, the department shall conduct...
- § 7-1-395 - Issuance of Certificate of Incorporation
If the Secretary of State shall receive, with respect to the proposed bank or trust company: (1) The written approval of the department with...
- § 7-1-396 - Effect of Certificate of Incorporation; Permit to Begin Business
(a) As of the issuance of the certificate of incorporation by the Secretary of State, the corporate existence of the bank or trust company...
- § 7-1-397 - Organizational Meetings
(a) After the issuance of the certificate of incorporation by the Secretary of State, a first meeting of the shareholders may be held within...
- § 7-1-398 - Liability for Premature Business
Incorporators and other persons who organize a bank or trust company which transacts business before its capital stock, paid-in capital, and expense fund as...
Last modified: October 14, 2016