Chapter 3 - ORGANIZATION, APPLICATIONS, AND CAPITAL STRUCTURE OF BANKING CORPORATIONS
- Section 51A-3-1 - Corporation laws applicable to banks
- Section 51A-3-1.1 - Bank organized as limited liability company-Rules
- Section 51A-3-2 - Articles of incorporation or articles of organization-Content-Name of bank-Capital stock or members' equity
- Section 51A-3-3 - Incorporators of bank
- Section 51A-3-4 - Minimum capital
- Section 51A-3-5 - Sale price of original stock issue or original issue of members' equity-Excess credited to surplus
- Section 51A-3-6 - Transfers to surplus
- Section 51A-3-7 - Applications-Fee
- Section 51A-3-8 - Acceptance of application for charter
- Section 51A-3-9 - Conditions to be considered in ruling on application
- Section 51A-3-10 - Hearing on application
- Section 51A-3-11 - [Repealed]
- Section 51A-3-12 - Endorsement and filing of approved articles-Notice of disapproval
- Section 51A-3-13 - Subscription of shares-Minimum collection-Refund on disapproval of application
- Section 51A-3-14 - Call by incorporators for full payment of subscriptions-Issuance of certificate of authority by director-Commencement of business within one year
- Section 51A-3-15 - Applications for branch banks and detached drive-in facilities-Applicable provisions
- Section 51A-3-16 - Preferred stock, capital notes, and debentures-Director approval of issuance-Terms of issue-Director approval of retirement or payment
- Section 51A-3-17 - Preferred stock, capital notes, and debentures outstanding-Restrictions on dividends
- Section 51A-3-17.1 - Dividends-Definition
- Section 51A-3-18 - Dividends-Restrictions and requirements for declaration
- Section 51A-3-19 - Approval of director required for unusually large dividends
- Section 51A-3-20 - Recovery of dividends paid when capital impaired
- Section 51A-3-21 - Net profits defined
- Section 51A-3-22 - Amendment of articles of incorporation-Changes requiring approval of director-Filing of amendments
- Section 51A-3-23 - Extension of charter
- Section 51A-3-24 - Reporting transfers of stock
- Section 51A-3-25 - Change in control of bank
- Section 51A-3-26 - Lien on shares-Enforcement-Marking of certificates
- Section 51A-3-27 - Purchase or purchase money loans on security of own stock prohibited-Exception
- Section 51A-3-28 - Credit of dividends, interest, or profits on indebtedness-Foreclosure of lien
- Section 51A-3-29 - [Repealed]
- Section 51A-3-30 - Adoption and approval of bylaws
- Section 51A-3-31 - Indemnification of officers, directors, or employees
- Section 51A-3-32 - Board of directors-Number of members-Citizenship requirements-Election
- Section 51A-3-33 - Removal of directors-Vote required
- Section 51A-3-34 - Board of directors-Meetings
- Section 51A-3-35 - Election of officers-Terms-Vacancies
- Section 51A-3-36 - Names of officers and information forwarded to director-Vacancy on refusal to confirm
- Section 51A-3-37 - Bonds of officers and employees
- Section 51A-3-38 - Insurance protection
- Section 51A-3-39 - Amount of bonds and insurance prescribed by bank directors-Approval by director of division