TITLE 19
Financial institutions
CHAPTER 19-2
Creation and Expansion
SECTION 19-2-7
§ 19-2-7 Approval of certificate
Filing Fee on capital stock.
The certificate in section 19-2-6 shall be submitted to the director or the
director's designee, together with the records of the first meeting, and the
director or the director's designee shall examine the certificate and records,
and may require an amendment of the certificate and records or any additional
information the director may consider necessary. If the director finds that the
certificate and records conform to the provisions of the preceding sections
relative to the organization of the financial institution, and to the
provisions of this title, and that the provisions of this title have been
complied with, and that public convenience and advantage will be promoted by
the establishment of the financial institution, the director or the director's
designee shall endorse his or her approval on the certificate, and shall
maintain a copy of the certificate, together with the copy of the records of
the first meeting. Upon approval of the certificate by the director or the
director's designee, the certificate shall be filed in the office of the
secretary of state, together with the certificate of the general treasurer that
the subscribers have paid into the treasury for the use of the state a sum
equal to one-tenth of one percent (.1%) of the amount of capital stock.
History of Section.
(P.L. 1995, ch. 82, § 39.)
