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General Provisions
§ 81-5-2. Private corporation laws; application to state banks - All the provisions of law relating to private corporations operating...
§ 81-5-3. Bank not to permit use of its name - It shall be unlawful for any bank or corporation liable...
§ 81-5-5. Local and regional banks for farm loans authorized - Local and regional banks for the purpose of making and...
§ 81-5-7. Preservation of old records - Prior to issuing any such regulation, the commissioner shall consider:
§ 81-5-9. Banks shall become members of the Federal Deposit Insurance Corporation - All banking corporations organized under the laws of the State...
§ 81-5-11. State banks may become members of Federal Reserve Bank - Any bank or trust company incorporated under the laws of...
§ 81-5-13. Federal Reserve Act requirements must be observed - Any bank or trust company, incorporated under the laws of...
§ 81-5-15. Officers and employees of banks to furnish fidelity bond; insurance - Every active officer and employee of any bank or trust...
§ 81-5-17. Bank stock; transfer and use as collateral - The shares of stock of banks shall be deemed personal...
§ 81-5-19. Stock; record of transfer of to be kept - A book shall be provided and kept by every bank,...
§ 81-5-21. Stock of other banks not to be owned - No part of the stock of any bank except regional...
§ 81-5-23. Preferred stock; issuance authorized - Banks may, with the approval of the state comptroller, and...
§ 81-5-25. Investments in stock of small business investment companies - Shares of stock issued by small business investment companies, incorporated...
§ 81-5-27. Liability of stockholders - The stockholders of every bank shall be individually liable, actually...
§ 81-5-29. Corporations may be formed to purchase, hold and own bank assets - Corporations may be formed to purchase, hold and own bank...
§ 81-5-31. Voting trusts prohibited - The transfer of any part of the stock of a...
§ 81-5-33. Powers in regard to trusts - Banks may accept and execute all such trusts and perform...
§ 81-5-34. Accounts of administrators, executors, guardians, trustees, and other fiduciaries - Any bank, including a national bank, may accept accounts in...
§ 81-5-35. State and national banks acting in fiduciary capacity not required to file bond; exception - No state or national bank domiciled in this state and...
§ 81-5-39. Banks may register securities held in fiduciary capacity in name of bank's nominee - Whenever any bank or trust company organized under the laws...
§ 81-5-41. Foreign investors may engage in certain activities without qualifying - The Secretary of State, upon the receipt of process by...
§ 81-5-45. Qualification and oath of directors; meetings; executive and auditing committee - Every director of every state bank must be the owner,...
§ 81-5-47. Directors may contract to sell stock while continuing to serve - Any director of a bank or other banking corporation while...
§ 81-5-49. Interlocking directorates prohibited - No person shall be permitted to be a director in...
§ 81-5-51. Loans to directors and executive officers - Loans aggregating fifteen percent (15%) of the unimpaired capital and...
§ 81-5-53. Limitation of liability when dealing with agents, trustees, etc. - A bank dealing, whether to its own benefit or otherwise,...
§ 81-5-56. Month and year checking account opened to be printed on face of checks - From and after July 1, 1991, any financial institution offering...
§ 81-5-57. Excess deposits; limit and penalty - No state bank shall receive and hold deposits continuously for...
§ 81-5-59. Deposit of minors - When any minor or other person under disability shall make...
§ 81-5-61. Safe deposit boxes; leasing to minors - Any bank or other corporation maintaining safe deposit boxes for...
§ 81-5-62. Accounts payable at death - [Effective from and after January 1, 2020] Accounts payable at...
§ 81-5-64. Access to safe-deposit box upon death of sole lessee or last surviving co-lessee; definitions; order of priority; documentation required; rights and responsibilities of persons granted access; liability protections to financial institution... - A copy of the inventory may be retained by the...
§ 81-5-65. Accounts of deceased depositors to be reported; publicity of same - It shall be the duty of every officer and employee...
§ 81-5-67. Settlement of adverse claims to deposits - Notice to any bank doing business in this state of...
§ 81-5-71. Certifying checks - No officer, clerk or employee of any bank shall certify...
§ 81-5-75. Authorization for payment of dividend - No state bank shall declare or pay any dividend upon...
§ 81-5-77. Limit of loans and extensions of credit to single borrower - The liability to a bank by a person, company, corporation...
§ 81-5-79. Small loans - Any bank or trust company heretofore or hereafter organized under...
§ 81-5-81. Effect of third-party deposits to induce making of unsound loans - The Federal Deposit Insurance Corporation, the Comptroller of the Currency,...
§ 81-5-83. Limit of borrowing power of banks - No bank chartered and doing business under the laws of...
§ 81-5-85. Consolidation, conversion or merger of state or state and national banks, state or federal savings and loan associations and state-chartered banks, and state or federal savings banks and state-chartered banks - Any two (2) or more state-chartered banks, or any national...
§ 81-5-87. Holding of real estate by bank - Any banking corporation doing business in this state may purchase,...
§ 81-5-89. Limitations upon acceptances - A state bank may accept drafts or bills of exchange...
§ 81-5-93. Clearinghouse associations authorized - Banks or banking institutions in any municipality or county or...
§ 81-5-95. Powers of clearinghouse associations - Clearinghouse associations, by the action of the members thereof, shall...
§ 81-5-97. Banking hours - The commissioner of banking and consumer finance may, from time...
§ 81-5-98. Drive-in teller windows and branch offices considered to be branch banks - Drive-in teller windows and branch offices in operation on July...
§ 81-5-101. Dissolution of solvent banks - When the owners of two-thirds of the capital stock of...
§ 81-5-103. General penalty - Any banker, officer, employee, director or agent of any state...
Depository Financial Institutions Self-evaluation Reports
§ 81-5-151. Definitions - For purposes of Sections 81-5-151 and 81-5-153, the following words...