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Part 1 - General Provisions
§ 45-3-101. Short Title - This chapter shall be known and may be cited as...
§ 45-3-103. Application of General Corporation Law and the Uniform Administration Procedures Act - Unless otherwise specifically provided by this chapter or unless the...
§ 45-3-105. Powers of Associations Generally - Every association has all the powers enumerated, authorized and permitted...
§ 45-3-106. Tie-in Provision - Notwithstanding anything to the contrary in the laws of this...
§ 45-3-110. Capital Stock Associations — Issuance of Capital Stock - An association may issue the shares of capital stock authorized...
§ 45-3-115. Change of Office or Name - No association shall, without the prior approval of the commissioner:
§ 45-3-116. Exemption From Securities Laws - All associations subject to this chapter and all federal associations,...
§ 45-3-117. Acknowledgments by Stockholders, Members, and Employees - No public officer qualified to take acknowledgments or proofs of...
§ 45-3-118. References to “Building and Loan association.” - Any and all references in any provision of the laws...
§ 45-3-119. References to Federal Savings and Loan Associations - Any and all references in any provision of the laws...
§ 45-3-120. Liberal Construction - This chapter shall be liberally construed to promote and foster...
Part 2 - Organization
§ 45-3-201. Application to Organize - Any five (5) or more individuals, referred to as the...
§ 45-3-205. Requirements for Charter and Bylaws - The proposed charter and bylaws of the association adopted at...
§ 45-3-207. Completion of Organization - Upon filing by the secretary of state, the directors elected...
Part 3 - Branch or Satellite Offices
§ 45-3-303. Rules and Regulations - With respect to the matters contained in this part, the...
Part 4 - General Powers and Duties
§ 45-3-401. Required Liquidity - No association shall invest in any security, other than in...
§ 45-3-402. Regulation of Loans and Investments - The commissioner shall, from time to time, promulgate rules and...
§ 45-3-403. Right to Act to Avoid Loss - Nothing in this chapter or in the laws of this...
§ 45-3-404. Computation of Net Income - Every association shall close its books on the last business...
§ 45-3-405. Reserves — Liquid Assets - Every association shall set up and maintain reserves for the...
§ 45-3-407. Dividends on Capital Stock - In the case of a capital stock association, the balance...
Part 5 - Accounts
§ 45-3-504. Prohibited Transactions - Any other provision of the law to the contrary notwithstanding,...
§ 45-3-508. Accounts in Two or More Names - Deposit accounts and certificates of deposit maintained in any association...
§ 45-3-509. Pledge to Association of an Account in Joint Tenancy - The pledge or hypothecation to any association of all or...
§ 45-3-512. Accounts of Incompetents - When an account is held in any association by a...
§ 45-3-515. Account Payable on Death - An association may accept deposits made by any person in...
§ 45-3-523. Association Deposits and Collections - To the extent that an association accepts demand deposit accounts,...
Part 6 - Investments
§ 45-3-603. Dealing With Successors in Interest - In the case of any investment made by an association...
Part 7 - Loans
§ 45-3-702. Insured or Guaranteed Loans - Every association may make, without regard to any loan limitations...
§ 45-3-704. Construction Lenders Liability - An association that makes a loan, the proceeds of which...
§ 45-3-705. Installment Loans and Loans for Purchase of Mobile Homes — Interest and Charges — Statement of Transaction - As to home improvement installment loans or loans for the...
Part 8 - Regulations
§ 45-3-801. Supervision of Associations - Every person doing a savings and loan business under the...
§ 45-3-802. Books and Records - Every association shall keep at the home office correct and...
§ 45-3-803. Forms — Records — Accounting Practices - Every association shall use forms, and keep other records, including,...
§ 45-3-804. Misdescription of Assets - No association by any system of accounting or any device...
§ 45-3-805. Charging Off or Setting Up Reserves Against Bad Assets - The commissioner, after a determination of value, may order that...
§ 45-3-806. Reproduction and Destruction of Records - Any association may cause any or all records kept by...
§ 45-3-808. Annual Audit - Each association shall at least once in each year cause...
§ 45-3-813. Commissioner Authorized to Have Appraisals Made at Expense of Association - The commissioner is authorized, in connection with any examination or...
§ 45-3-815. Access to Records — Summons — Oaths and Examination of Witnesses - The commissioner and any authorized examiners, attorneys, or other employees...
§ 45-3-816. Additional Supervisory Powers - In addition to other powers conferred upon the commissioner by...
§ 45-3-818. Commissioner May Order Any Association to Discontinue Any Illegal Practice - If the commissioner, as a result of any examination or...
§ 45-3-819. Removal of Directors, Officers, and Employees Participating in Violations - The commissioner may require that any director, officer, or employee...
§ 45-3-820. Reliance Upon Action by Commissioner - No person shall be subjected to any civil or criminal...
Part 9 - Taxation
§ 45-3-901. Applicable Taxes and Exemptions - Associations shall be subject to the franchise and excise taxes...
Part 10 - Fees
§ 45-3-1001. Organization Fees - Each application for authority to organize an association under this...
§ 45-3-1002. Fees for Establishment of Branch Office - Each application for authority to establish a branch office by...
§ 45-3-1004. Commissioner's Power to Modify Fees - The commissioner is authorized, in the commissioner's discretion, uniformly to...
Part 11 - Voluntary Corporate Changes
§ 45-3-1101. Amendment of Charters - Every association may amend its charter in the manner set...
§ 45-3-1103. Sale of Assets - An association, in one (1) transaction not in the ordinary...
§ 45-3-1104. Procedure to Effect Sale of Assets - The procedure to effect a sale of all or substantially...
§ 45-3-1105. Conversion of State Mutual or Federal Association to State Capital Stock Association - Any state mutual association or any federal association, if otherwise...
§ 45-3-1106. Conversion of State Capital Stock Association or Federal Association to State Mutual Association - Any state capital stock association or any federal association, if...
§ 45-3-1107. Conversion From State to Federal Association - Any association subject to this chapter may become a federal...
§ 45-3-1109. Effect of Conversion - When an association subject to this chapter or a federal...
Part 12 - Reorganization and Liquidation -
Part 13 - Prohibited Acts
§ 45-3-1305. Unlawful Payments of Penalties and Judgments - Except as otherwise expressly permitted by this chapter, it is...
§ 45-3-1306. False Reports - It is a Class B misdemeanor for any official, examiner,...
§ 45-3-1307. False Swearing - It is a Class C misdemeanor for any person to...
§ 45-3-1308. Unlawful Disclosure of Information - It is a Class C misdemeanor for any official, examiner,...
§ 45-3-1309. Director Acting to Detriment of Association - It is a Class B misdemeanor for any director of...
§ 45-3-1310. Appropriation of Property and False Entries - It is a Class B misdemeanor for any officer, director,...
§ 45-3-1311. Defamation of Business Reputation - It is a Class B misdemeanor for any person to...
§ 45-3-1312. Commissioner to Submit Violations to District Attorney General - The commissioner shall submit to the district attorneys general for...
§ 45-3-1314. Injunction - Whenever a violation of any provision of this chapter by...
Part 14 - Reciprocal Savings Institution Act
§ 45-3-1401. Short Title - This part shall be known and may be cited as...
§ 45-3-1402. Part Definitions - Notwithstanding other provisions of this title, as used in this...
§ 45-3-1404. Branch Banks and Subsidiaries - Notwithstanding any other provision of law to the contrary, a...
Part 15 - Mutual Savings and Loan Holding Company Act
§ 45-3-1501. Short Title - This part shall be known and may be cited as...
§ 45-3-1502. Part Definitions - As used in this part, unless the context otherwise requires:
§ 45-3-1503. Savings and Loan Holding Companies and Their Subsidiaries — Registration Requirements - Each savings and loan holding company and each subsidiary of...
§ 45-3-1504. Mutual Savings and Loan Holding Companies and Their Subsidiaries — Reports — Examination — Fees - With respect to each mutual savings and loan holding company...
§ 45-3-1505. Acquisitions — Application — Approval Required - A mutual savings and loan holding company may acquire control...
§ 45-3-1506. Ownership Limitations — Statutory Compliance - No mutual savings and loan holding company other than a...
§ 45-3-1507. Appointment of Personnel — Bonding Requirements - The commissioner shall appoint, subject to any applicable provisions of...
§ 45-3-1508. Commissioner — Duties and Powers - The commissioner has the duty and power to: