A bank chartered in this or another state may sell any asset in the ordinary course of business or, with the approval of the banking board, in any other circumstance. The sale of all, or substantially all, of the assets of a bank or of a department thereof is governed by section 11-103-709.
Source: L. 2003: Entire article added with relocations, p. 1125, § 3, effective July 1. L. 2013: Entire section amended, (SB 13-154), ch. 282, p. 1466, § 13, effective July 1.
Editor's note: This section is similar to former § 11-8-103 as it existed prior to 2003.