51A-2 DIVISION OF BANKING
DIVISION OF BANKING
Establishment of Division of Banking.
Department and commission as division within Department of Labor and Regulation--Direction and supervision by department--Independent functions retained by
Director of division--Vacancy--Qualifications.
Director of division--Appointment and removal.
Deputy director--Appointment--Powers and duties.
Staff employees--Compensation--Dismissal--Background investigation.
Appointment of State Banking Commission--Director as executive officer--Qualifications of members.
Terms of commission members--Vacancies--Removal for cause.
Chairman and secretary of commission--Per diem and expenses of members.
Meetings of commission.
Quorum--Replacement of nonparticipating member.
Clerical, technical, and legal assistance for commission.
Rules promulgated by commission.
Rules granting additional authority to banks to promote competitive equality.
State chartered banks granted powers allowed federally chartered banks.
Restrictions on federally chartered banks apply to state chartered banks.
Considerations of commission in making rules and regulations.
Applications to organize or change control of bank, to merge, to open or close branch
banks, or to change location.
Forms of advertising.
Examination of banks by director--Substitution for examination requirements.
Subpoena power--Witness fees and mileage.
Examination by director upon application by board--Fees and expenses.
Order to prohibit stockholders' action pending judicial determination.
Removal of director, officer, or employee of bank--Grounds for order by director.
Review of removal order by commission.
Accounting practices--Valuation of assets--Required practices to protect loans.
Temporary order of director against unsound practice.
Permanent order of commission against unsound practice.
Seal of director.
Record of fees--Disposition of money collected.
Banking special revenue fund created--Disbursements.
Copies of official records and papers in office of division--Evidentiary value--Fee for
Oaths and bonds of commissioners, director, deputy director, examiners and special
examiners, and other division personnel.
Secrecy oath of commissioners, director and division officers and employees--Exceptions to secrecy requirements.
Interest in bank by division officers or employees prohibited--Relinquishment of
interest by director or deputy for term of office.
Records of division open to public inspection--Exceptions--Court order.
Examination and supervision fees.
Examinations of parent corporations by director--Penalty for refusal to allow
51A-2-38 to 51A-2-43. Repealed.