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Article 1 - Powers
Section 13-2-101 - Generally. - 13-2-101. Generally. (a) Each bank may: (i) Make contracts in...
Section 13-2-102 - Perpetual Duration. - 13-2-102. Perpetual duration. A bank shall have perpetual duration except...
Section 13-2-103 - Federal Deposit Insurance. - 13-2-103. Federal deposit insurance. (a) All banks, except special purpose...
Article 2 - Chartering
Section 13-2-201 - Organization and Application. - 13-2-201. Organization and application. Five (5) or more adult persons...
Section 13-2-202 - Articles of Incorporation. - 13-2-202. Articles of incorporation. (a) The articles of incorporation shall...
Section 13-2-207 - Procedure Upon Filing of Articles of Incorporation, Application and Other Information. - 13-2-207. Procedure upon filing of articles of incorporation, application and...
Section 13-2-208 - Application Filing Fee. - 13-2-208. Application filing fee. The application filed with the state...
Section 13-2-209 - Procedure for Hearings on Charter Applications. - 13-2-209. Procedure for hearings on charter applications. The hearing for...
Section 13-2-210 - Emergency Charters; Fees. - 13-2-210. Emergency charters; fees. (a) Notwithstanding any other provisions contained...
Section 13-2-211 - Investigation and Examination by Banking Commissioner. - 13-2-211. Investigation and examination by banking commissioner. (a) Upon receiving...
Section 13-2-212 - Approval or Disapproval of Application; Criteria for Approval; Action Upon Application; Interim Bank Charter; Fee. - 13-2-212. Approval or disapproval of application; criteria for approval; action...
Section 13-2-213 - Certificate of Authority to Commence Business Required; Application; Approval or Denial; Failure to Commence Business. - 13-2-213. Certificate of authority to commence business required; application; approval...
Section 13-2-214 - Decisions by Board Appealable; Grounds. - 13-2-214. Decisions by board appealable; grounds. Any decision of the...
Section 13-2-215 - Report of Interests in Financial Institutions by State Banking Commissioner and Board Members. - 13-2-215. Report of interests in financial institutions by state banking...
Article 3 - Capital Requirements, Stock, Notes and Debentures
Section 13-2-301 - Requirements as to Capital. - 13-2-301. Requirements as to capital. (a) The capital stock of...
Section 13-2-302 - Issue of Stock. - 13-2-302. Issue of stock. (a) A bank shall not issue...
Section 13-2-303 - Increase or Reduction of Capital Stock. - 13-2-303. Increase or reduction of capital stock. Any bank may...
Section 13-2-304 - Transfer of Stock and Other Ownership Interests. - 13-2-304. Transfer of stock and other ownership interests. (a) The...
Section 13-2-305 - Purchase or Acceptance of Own Capital Stock. - 13-2-305. Purchase or acceptance of own capital stock. A bank...
Section 13-2-306 - Stock Register; Inspection. - 13-2-306. Stock register; inspection. A bank shall keep a record...
Section 13-2-307 - Voting by Shareholders Generally; Balloting for Directors. - 13-2-307. Voting by shareholders generally; balloting for directors. (a) Except...
Section 13-2-308 - Preferred Stock. - 13-2-308. Preferred stock. (a) A bank may issue one (1)...
Section 13-2-309 - Issuance of Capital Notes or Debentures; Generally. - 13-2-309. Issuance of capital notes or debentures; generally. (a) A...
Section 13-2-310 - Issuance of Capital Notes or Debentures; Approval by State Banking Commissioner. - 13-2-310. Issuance of capital notes or debentures; approval by state...
Section 13-2-311 - Capital Notes or Debentures; Provisions to Be Stated. - 13-2-311. Capital notes or debentures; provisions to be stated. (a)...
Section 13-2-312 - Capital Notes or Debentures; Conversion Into Common or Preferred Stock. - 13-2-312. Capital notes or debentures; conversion into common or preferred...
Section 13-2-313 - Capital Notes or Debentures; No Assessment or Liability. - 13-2-313. Capital notes or debentures; no assessment or liability. Capital...
Section 13-2-314 - Capital Notes or Debentures; Proceeds Not Part of Capital or Surplus. - 13-2-314. Capital notes or debentures; proceeds not part of capital...
Article 4 - Directors
Section 13-2-401 - Authority to Manage Banks; Qualifications. - 13-2-401. Authority to manage banks; qualifications. The affairs of a...
Section 13-2-402 - Election; Term; Vacancies; Number. - 13-2-402. Election; term; vacancies; number. (a) The initial and elected...
Section 13-2-403 - Meetings; Record of Proceedings and Business. - 13-2-403. Meetings; record of proceedings and business. (a) The board...
Section 13-2-404 - Liability. - 13-2-404. Liability. Any director who participates in or consents to...
Article 7 - Statewide Branch Banking
Section 13-2-701 - Definitions. - 13-2-701. Definitions. (a) As used in this act: (i) "Branch"...
Section 13-2-702 - Authorization; Application; Fee; Activities; Examination; Criteria. - 13-2-702. Authorization; application; fee; activities; examination; criteria. (a) With prior...
Section 13-2-703 - Amendment to Articles of Incorporation. - 13-2-703. Amendment to articles of incorporation. Before opening a branch...
Section 13-2-704 - Closing of a Branch. - 13-2-704. Closing of a branch. No branch shall be closed...
Section 13-2-705 - Bank Facility Not a Branch. - 13-2-705. Bank facility not a branch. (a) Notwithstanding any other...
Section 13-2-706 - No Limits on Authority of Existing Branches and Banks. - 13-2-706. No limits on authority of existing branches and banks....
Section 13-2-707 - Prohibition on Foreign Bank Branching. - 13-2-707. Prohibition on foreign bank branching. Nothing in this act...
Section 13-2-708 - Antitrust Laws. - 13-2-708. Antitrust laws. If, but for this act, any action...
Section 13-2-709 - Loan Production Offices; Activities; Notification; Examination; Name. - 13-2-709. Loan production offices; activities; notification; examination; name. (a) After...
Article 8 - Interstate Branching and Bank Mergers
Section 13-2-802 - Definitions. - 13-2-802. Definitions. (a) As used in this article: (i) "Affiliate"...
Section 13-2-803 - Authority of State Banks to Establish Interstate Branches. - 13-2-803. Authority of state banks to establish interstate branches. With...
Section 13-2-804 - Interstate Merger Transactions and Branching Permitted. - 13-2-804. Interstate merger transactions and branching permitted. (a) One (1)...
Section 13-2-805 - Notice and Filing Requirements; License Fee. - 13-2-805. Notice and filing requirements; license fee. (a) Any out-of-state...
Section 13-2-806 - Powers; Additional Branches. - 13-2-806. Powers; additional branches. (a) An out-of-state state bank which...
Section 13-2-807 - Examinations; Periodic Reports; Cooperative Agreements; Assessment of Fees. - 13-2-807. Examinations; periodic reports; cooperative agreements; assessment of fees. (a)...
Section 13-2-808 - Enforcement. - 13-2-808. Enforcement. The commissioner may take joint enforcement actions with...
Section 13-2-810 - Notice of Subsequent Merger. - 13-2-810. Notice of subsequent merger. Each out-of-state state bank that...
Article 9 - Foreign Branch Banking
Section 13-2-901 - Purpose. - 13-2-901. Purpose. (a) This article is intended generally to ensure...
Section 13-2-902 - Definitions. - 13-2-902. Definitions. (a) As used in this article: (i) "Foreign...
Section 13-2-903 - Establishment of Interstate Branches by Out-of-State Foreign Banks. - 13-2-903. Establishment of interstate branches by out-of-state foreign banks. An...
Section 13-2-904 - Establishment of Interstate Branches by Out-of-State Domestic Banks Owned or Controlled by Foreign Banks or Other Foreign Persons. - 13-2-904. Establishment of interstate branches by out-of-state domestic banks owned...