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Article 1 - General Provisions
§ 81-14-1. Short title - This chapter shall be known and may be cited as...
§ 81-14-3. Purpose - The purpose of this chapter is: To provide for affordable...
§ 81-14-5. Applicability of chapter - The provisions of this chapter, unless the context otherwise specifies,...
§ 81-14-7. Definitions and application of terms - As used in this chapter, unless the context otherwise requires,...
Article 2 - Incorporation and Organization
§ 81-14-51. Hearings - Any hearing required to be held by this chapter shall...
§ 81-14-53. Application of chapter on business corporations - All the provisions of law relating to private corporations operating...
§ 81-14-61. Commissioner to consider application - Upon receipt of an application to organize and establish a...
§ 81-14-69. Appeal - The final decision of the board may be appealed by...
§ 81-14-71. Insurance of accounts required - All state savings banks must obtain and maintain insurance on...
§ 81-14-73. Status as IRS qualified thrift institution - All state savings banks must qualify for and maintain eligibility...
§ 81-14-75. Time allowed to commence business - A newly chartered savings bank shall commence business within one...
§ 81-14-77. Licensing - A newly chartered savings bank shall be entitled to a...
§ 81-14-79. Amendments to certificate of incorporation - Any amendment to the certificate of incorporation of a state...
§ 81-14-81. List of stockholders to be maintained - Every stock savings bank organized and operated under the provisions...
§ 81-14-85. Request to change location of branch or principal office - The board of directors of a state savings bank may...
§ 81-14-87. Approval revoked; branch office - The commissioner may, for good cause and after a hearing,...
§ 81-14-89. Branch offices closed - No branch office in this state may be discontinued or...
§ 81-14-91. Loan production office - A state savings bank may open or close a loan...
Article 3 - Corporate Changes
§ 81-14-101. Conversion to savings bank - Any state or federal thrift institution or state or national...
§ 81-14-103. Conversion from state to federal charter - Any state savings bank, stock or mutual, organized and operated...
§ 81-14-107. Conversion of mutual to stock savings bank - If the commissioner approves the plan, then the plan shall...
§ 81-14-109. Conversion of stock savings bank to mutual savings bank - Any stock savings bank organized and operating under the provisions...
§ 81-14-111. Merger of like savings banks - Any two (2) or more mutual savings banks, or any...
§ 81-14-121. Voluntary dissolution by stockholders or members - At any annual or special meeting called for such purpose,...
§ 81-14-125. Stock dividends - No savings bank shall declare or pay any dividend upon...
Article 4 - Supervision
§ 81-14-151. Supervision - The commissioner is empowered and directed to perform the duties...
§ 81-14-169. Statement filed by savings bank; publishing requirement - The commissioner shall call upon each state savings bank for...
§ 81-14-171. Annual audit requirement - The commissioner shall require that every state savings bank have...
§ 81-14-173. Prohibited practices - Any person who shall engage in any of the following...
§ 81-14-175. Appeal from final rule, regulation or order of commissioner or board - Unless otherwise provided in this chapter, any interested person aggrieved...
§ 81-14-177. Credit allowed for savings banks; commissioner discretion - In all examinations no savings bank shall be allowed credit...
§ 81-14-179. Commissioner to provide copy of call reports; failure or refusal; misdemeanor - A copy of the call reports of any savings bank...
Article 5 - Enforcement
§ 81-14-207. Supervisory control - The order approving the plan shall not take effect until...
§ 81-14-213. Judicial review - Any person or state savings bank against whom a cease...
§ 81-14-215. Indemnity - No person who is fined or penalized for a violation...
§ 81-14-217. Cumulative penalties - All penalties, fines and remedies provided by this article shall...
§ 81-14-219. Emergency limitations - The commissioner, with the approval of the Governor, may impose...
Article 6 - Corporate Administration
§ 81-14-251. Membership of a mutual institution - The membership of a mutual state savings bank shall consist...
§ 81-14-257. Amendments to charter of incorporation and bylaws - Any amendments to the charter of incorporation or bylaws of...
§ 81-14-259. Voting rights - Voting rights in the affairs of a state savings bank...
§ 81-14-263. Special meetings; notice required - Special meetings of members or stockholders of a savings bank...
§ 81-14-265. Quorum - Unless otherwise provided in the savings bank's charter or bylaws,...
Article 7 - Loans and Investments
§ 81-14-301. Investment in loans - Subject to the regulations of the commissioner, a savings bank...
§ 81-14-303. Other investments - If the board of directors determines at any time that...
§ 81-14-305. Prohibited security - No savings bank, or subsidiary thereof, may accept its own...
§ 81-14-311. Methods of loan repayment - Subject to such rules and regulations as the commissioner may...
§ 81-14-313. Insider loans - Loans aggregating fifteen percent (15%) of the unimpaired capital and...
§ 81-14-315. Rule-making power of commissioner - The commissioner shall, from time to time, promulgate such rules...
§ 81-14-317. Nonconforming loans and investments - Unless otherwise provided, every loan or other investment made in...
§ 81-14-319. Limitation on loans to one (1) borrower - The liability to a savings bank by a person, company,...
§ 81-14-321. General parity provision - State savings banks shall have and possess the rights, powers,...
Article 8 - Operations
§ 81-14-351. Generally accepted accounting principles - Savings banks shall maintain their books and records in accordance...
§ 81-14-353. Liquidity - Savings banks shall maintain cash and readily marketable investments in...
§ 81-14-355. Net worth maintenance requirement - Each savings bank shall maintain an adequate net worth appropriate...
§ 81-14-361. Accounts of administrators, executors, guardians, trustees and other fiduciaries - Any savings bank may accept accounts in the name of...
§ 81-14-363. Accounts payable at death - [Effective from and after January 1, 2020, this section will...
§ 81-14-365. Collection of processing fee for returned checks - Notwithstanding any other provision of law, a processing fee may...
§ 81-14-369. Savings accounts issued to minors or persons under disability; payment of withdrawals; powers of parent or guardian; withdrawals on death of holder - A savings bank and any federal savings bank may issue...
§ 81-14-371. Deposit accounts as deposit of securities - Notwithstanding any restrictions or limitations contained in any law of...
§ 81-14-373. New account books - Upon the filing with a savings bank by the holder...
§ 81-14-375. Transfer of deposit accounts - The owner of a deposit account may transfer his rights...
§ 81-14-377. Authority of power of attorney - A savings bank may continue to recognize the authority of...
§ 81-14-379. Adverse claims to accounts - Notice to any savings bank doing business in this state...
§ 81-14-381. Accounts of deceased nonresidents - When an account is held in any savings bank by...
§ 81-14-383. Payments to successors without administration - Any savings bank may pay to the successor of a...
§ 81-14-387. Power to borrow money - A savings bank may borrow up to twenty-five percent (25%)...
§ 81-14-389. Authority to join federal reserve bank - Any state savings bank shall have the power to subscribe...
Article 9 - Holding Companies -