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Additional Definitions
§ 81-27-6.001. Additional definitions - In Articles 6, 7 and 8 of this chapter: a....
Transfer of Ownership Interest in State Trust Company
§ 81-27-6.101. Acquisition of control - Except as expressly otherwise permitted, a person may not without...
§ 81-27-6.102. Application regarding acquisition of control - The proposed transferee seeking approval to acquire control of a...
§ 81-27-6.103. Hearing and decision on acquisition of control - Not later than the sixtieth day after the date the...
§ 81-27-6.104. Appeal from adverse decision - If a hearing has been held, the commissioner has entered...
§ 81-27-6.105. Objection to other transfer - This subarticle may not be construed to prevent the commissioner...
§ 81-27-6.106. Civil enforcement; criminal penalties - The commissioner may bring any appropriate civil action against any...
Board and Officers
§ 81-27-6.201. Voting securities held by state trust company - Voting securities of a state trust company held by the...
§ 81-27-6.202. Bylaws - Each state trust company shall adopt bylaws and may amend...
§ 81-27-6.203. Board of directors, managers or managing participants - The board of a state trust company must consist of...
§ 81-27-6.204. Required board meetings - The board of a state trust company shall hold at...
§ 81-27-6.205. Officers - The board shall annually appoint the officers of the state...
§ 81-27-6.206. Certain criminal offenses - An officer, director, manager, managing participant, employee, shareholder, or participant...
§ 81-27-6.207. Transactions with management and affiliates - Without the prior approval of a disinterested majority of the...
§ 81-27-6.208. Fiduciary responsibility - The board of a state trust company is responsible for...
§ 81-27-6.209. Record keeping - A state trust company shall keep its fiduciary records separate...
§ 81-27-6.210. Bonding requirements - The board of a state trust company shall require protection...
§ 81-27-6.211. Reports of apparent crime - A trust company that is the victim of a robbery,...
Special Provisions for Limited Liability Trust Companies
§ 81-27-6.301. Filing of notice of full liability - A limited liability trust company shall file with the commissioner...
§ 81-27-6.302. Liability of participants and managers - Except as provided by subsection (b) of this section, the...
§ 81-27-6.303. Contracting debts and obligations - Except as provided by this section or the articles of...
§ 81-27-6.304. Management of limited liability trust company - Management of a limited liability trust company is vested in...
§ 81-27-6.305. Withdrawal or reduction of participant's contribution to capital - A participant may not receive from a limited liability trust...
§ 81-27-6.306. Interest in limited liability trust company; transferability of interest - The interest of a participant or participant-transferee in a limited...
§ 81-27-6.307. Dissolution - A limited liability trust company organized under this article is...
§ 81-27-6.308. Allocation of profits and losses - The profits and losses of a limited liability trust company...
§ 81-27-6.309. Distributions - Subject to Section 81-27-4.106, distributions of cash or other assets...
§ 81-27-6.310. Other provisions related to a limited liability trust company - For purposes of the provisions of this chapter other than...
Merger, Consolidation, Transfer of Assets
§ 81-27-6.401. Merger authority - With the prior written approval of the commissioner, a state...
§ 81-27-6.402. Merger application - The original articles of merger, a number of copies of...
§ 81-27-6.403. Approval of commissioner - If the commissioner approves the merger and finds that all...
§ 81-27-6.404. Rights of dissenters to mergers - A shareholder, participant, or participant-transferee may dissent from the merger...
§ 81-27-6.405. Authority to act as disbursing agent - The purchasing trust institution may hold the purchase price and...
§ 81-27-6.406. Liquidation of selling state trust company - If the selling trust institution is at any time after...
§ 81-27-6.407. Payment to creditors - Payment to a creditor of the selling institution of the...
§ 81-27-6.408. Sale of assets - The board of a state trust company, with the commissioner's...