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Part 1 - General Provisions
§ 45-2-104. Equality of Taxation - Except for taxes on property and the banking fees provided...
§ 45-2-105. Exemption of Nonprofit General Welfare Corporations - The commissioner may exempt a trust company from any requirement...
Part 2 - Organization of Banks
§ 45-2-206. Subscription Calls - After the charter for a corporation seeking to conduct banking...
§ 45-2-212. Application for Certificate of Authority — Contents - After the applicant has received notification from the commissioner that...
§ 45-2-214. Time for Approval or Denial of Application — Conditions for Approval - The commissioner shall approve or deny the application for a...
§ 45-2-216. Forfeiture of Charter for Failure to Obtain Certificate of Authority or to Commence Business — Restitution of Improper Expenditures - If no application for a certificate of authority is filed...
§ 45-2-217. Operation Before Receiving Certificate of Authority Prohibited - It is a criminal offense against this chapter and chapter...
§ 45-2-219. Charter Null and Void on Ceasing Business — Definition - Any charter issued under this chapter shall be null and...
Part 3 - Stockholders
§ 45-2-301. [reserved.] - The bank may not vote shares that it holds in...
§ 45-2-303. Items Allowed in the Charter of a Bank — Required Language if Bank Amends Its Charter — Shareholder Consent to Release of Information — No Fee for Approving Charter Amendment — Right of Shareholder to Be Informed in Writing of Number of S... - THE RECORD OF SHAREHOLDERS OF THIS BANK IS NOT SUBJECT...
§ 45-2-305. Stockholders Relieved of Double Liability - Stockholders in banking institutions doing a general banking business in...
Part 4 - Directors and Officers
§ 45-2-404. Authority to Declare Dividends - The board of directors of a state bank may not...
Part 5 - Membership in Federal Reserve Banks
§ 45-2-501. Part Definitions - As used in this part, unless the context otherwise requires:
§ 45-2-502. Power to Subscribe to Stock - Any state bank has the power to subscribe to the...
§ 45-2-503. Powers of Federal Reserve Bank Membership - A state bank that is or that becomes a member...
§ 45-2-504. Reserves of Federal Reserve Act Sufficient - A compliance on the part of a bank with the...
§ 45-2-505. Supervision and Examinations — Disclosures to Federal Reserve Board - The bank shall continue to be subject to the supervision...
Part 6 - General Powers of Banks
§ 45-2-601. General Powers - Subject to regulation by the commissioner and any restrictions expressly...
§ 45-2-603. Emergency Powers - In the event of an emergency resulting from fire, act...
§ 45-2-606. Depositories - Any bank may, for the convenience of its customers, provide...
§ 45-2-609. Sale of Assets in Ordinary Course - A bank may sell any asset in the ordinary course...
§ 45-2-610. Borrowing - Any bank may borrow money and issue evidence of indebtedness...
Part 7 - Deposits in Banks
§ 45-2-701. Interest on Accounts - Banks shall be invested with the right and power to...
§ 45-2-702. Deposit of Minor - A bank may operate a deposit account in the name...
§ 45-2-706. Adverse Claim to Bank Deposit - Notice to any bank of an adverse claim to a...
§ 45-2-709. Reserve Against Deposits - A state bank shall maintain a reserve against deposits in...
§ 45-2-710. Statute of Limitations - An action to enforce the obligation of a bank to...
Part 8 - Deposit Insurance
§ 45-2-801. Membership in Federal Deposit Insurance Corporation Authorized - Any state bank is empowered, on the authority of its...
§ 45-2-803. Subrogation Rights of Federal Deposit Insurance Corporation on Payment of Insured Deposits - Whenever any state bank is closed and the federal deposit...
§ 45-2-804. Commissioner to Furnish Deposit Insurance Corporation Copies of Examinations and Other Information - The commissioner may furnish to the corporation, or to any...
§ 45-2-806. Depositories of Public Funds Exempt From Security Requirements to Extent of Deposit Insurance - Notwithstanding any provisions of the existing laws of this state...
Part 9 - Safe Deposit and Safekeeping
§ 45-2-901. Part Definitions - As used in this part, unless the context otherwise requires:
§ 45-2-902. Authority to Engage in Leasing Safe Deposit Facilities — Liability of Lessor - Any bank has the right to construct a vault on...
§ 45-2-904. Lease to Minor - A bank may lease a safe deposit box to and...
Part 10 - Fiduciary Powers
§ 45-2-1001. Company Authorized to Act as Fiduciary - No company shall act as a fiduciary in this state...
§ 45-2-1005. Fiduciary Bond or Oath Excused - No oath or bond shall be required of a bank...
§ 45-2-1011. Fiduciary Activities of Out-of-State Trust Institution - An out-of-state trust institution that establishes and maintains one (1)...
§ 45-2-1015. Name of Trust Institution - A state trust company or out-of-state trust institution may use...
§ 45-2-1016. Designation of Trustee - Any person residing in this state may designate any trust...
§ 45-2-1017. Choice of Law Governing Trust and Fiduciary Investments - Any trust institution that maintains a trust office in this...
§ 45-2-1018. Engaging in Commerce Prohibited - A state trust company may not invest its funds in...
§ 45-2-1020. Merger Authority - A state trust company may merge with another trust company...
Part 11 - Loans
§ 45-2-1101. Loans Authorized - Any state bank may lend money and discount or purchase...
§ 45-2-1102. Limit of Loans to Any One Borrower — Classified Loans - Column A Column B 25% 115% 30% 120% 35% 125%...
§ 45-2-1103. Loans to Officers and Directors - Compliance with the requirements of 12 U.S.C. §§ 375a, 375b,...
§ 45-2-1105. Participation With Other Lenders - A state bank may participate in a loan with another...
§ 45-2-1107. Disclosure of Terms and Conditions of Loan - When an installment loan is made and interest is charged...
§ 45-2-1108. Same Power to Make Loans as National Banks - Notwithstanding any provision to the contrary in this chapter and...
Part 12 - Elderly and Vulnerable Adult Financial Exploitation Prevention Act
§ 45-2-1201. Short Title - This part shall be known and may be cited as...
§ 45-2-1202. Part Definitions - As used in this part, unless the context otherwise requires:
§ 45-2-1206. Legislative Intent - It is the intent of the general assembly in adopting...
Part 13 - Voluntary Corporate Changes
§ 45-2-1301. Part Definitions - As used in this part, unless the context otherwise requires:
§ 45-2-1309. Dissenting Stockholders - The owners of shares of a state bank shall have...
§ 45-2-1310. Resulting Bank Without Trust Powers - Where a resulting state bank is not to exercise trust...
§ 45-2-1311. Nonconforming Assets or Business - If a merging or converting bank has assets that do...
§ 45-2-1315. Review of Exchange by Commissioner — Hearings — Costs - Upon the request of any person or entity that proposes...
Part 14 - Bank Holding Companies—bank Structure Act of 1974
§ 45-2-1401. Short Title - This part shall be known and may be cited as...
§ 45-2-1402. Part Definitions - As used in this part, unless the context otherwise requires:
§ 45-2-1404. Acquisition by Holding Company Prohibited - A bank or bank holding company shall be prohibited from...
§ 45-2-1405. Power of Commissioner - The commissioner has the power to establish rules and regulations...
§ 45-2-1409. Notice and Filing Requirements - Any out-of-state bank that will be the resulting bank pursuant...
§ 45-2-1411. Enforcement - If the commissioner determines that a branch maintained by an...
Part 15 - Liquidation, Dissolution, and Reorganization -
Part 16 - Examination and Reports -
Part 17 - Prohibited Acts
§ 45-2-1711. False Reports - Any employee of the department who makes a report on...
§ 45-2-1712. False Swearing on Examination by Commissioner or Bank Examiner - Any person who willfully and corruptly swears or affirms falsely...
§ 45-2-1713. Disclosing Condition of Bank, Its Depositors or Debtors - Any bank examiner or commissioner who knowingly and willfully discloses...
§ 45-2-1714. Director Voting to Impair Capital or Other Acts Detrimental to Bank - Any director of a bank commits a Class B misdemeanor...
§ 45-2-1715. Unlawful Increase of Capital Stock - Any officer or director of a bank who knowingly and...
§ 45-2-1719. Injunction - Whenever a violation of this chapter and chapter 1 of...
Part 18 - Investment and Security Powers
§ 45-2-1802. Powers Generally - An authorized state bank, directly or indirectly through a subsidiary,...
§ 45-2-1804. Duties of Commissioner - The commissioner of financial institutions, in adopting regulations pursuant to...
§ 45-2-1806. Investment Advisors — Registration - Any state bank or state bank subsidiary that acts as...
§ 45-2-1807. Uninsured Depository Accounts - Any depository account with a state bank or state bank...
Part 19 - Credit Card State Banks
§ 45-2-1901. Part Definitions - As used in this part, unless the context otherwise requires:
§ 45-2-1905. Variable Interest Rates - If the agreement governing the credit card plan so provides,...
§ 45-2-1908. Security for Cardholders' Obligations - A bank may take security of any type, including, but...
Part 20 - Private Trust Companies -
Part 21 - State Trust Companies
§ 45-2-2105. Payment of Subscriptions — Placement in Escrow Account — Removal of Funds - After the trust company charter or articles of organization have...
§ 45-2-2109. Change of Control in or of Controlling Person of State Trust Company - Section 45-2-103(a), including the requirement to file an application and...