||Citation of chapter.
||Private corporation laws; application to savings and loan
||Department of Savings Institutions and Savings Institution
Board abolished; transfer of powers, duties, etc. to other agencies.
||Rights, powers, privileges and duties of board.
||Determinations of commissioner final; judicial review.
||Duties of department.
||Interests in savings institutions prohibited; confidentiality
||Transfer of books and records; continuation of actions.
||Commissioner; supervisory and enforcement powers; approvals,
orders and instructions.
||Removal of officers and directors.
||Incorporation; petition; fee; articles; bylaws; exhibits.
||Incorporation; examination and investigation of petition.
||Incorporation; notice of petition; filing notice of opposition;
||Incorporation; meeting of board to consider petition; cross-examination
of and compelling attendance of witnesses; disposition of petition.
||Incorporation; proceedings upon approval of incorporation;
commencement of corporate existence.
||Organization of mutual association; subscription by incorporators;
bond; expense fund; organization meeting.
||Capital stock association; minimum required capital; paid-in
surplus; determining and maintaining adequate net worth.
||Capital stock association; statement of compliance; issuance
of certificate of authorization; organization meeting.
||Name of association; enjoining violations; penalty.
||Change of name or location of home office; hearing.
||Forfeiture of corporate existence; new corporations; extension
of time within which to commence business.
||Insurance accounts; liquidation of noncomplying existing
associations; false representation as to insurance; penalty; injunction.
||Powers of associations.
||Additional powers of capital stock associations.
||Conversion of association organized under state law into
||Conversion of federal association into association organized
under state law.
||Conversion of association organized under state law or of
federal association into capital stock association.
||Conversion of association organized under state law or of
federal association into capital stock association; hearing on plan of
conversion; notice; costs.
||Conversion of capital stock association organized under
state law into federal association.
||Conversion prohibited; exceptions.
||Reorganization, merger and consolidation of associations.
||Ownership by holding company.
||Acquisition of controlling interest in capital stock association;
certificate of approval; definitions; restrictions on ownership or control;
||Termination of association; liquidation of assets; surrender
||Annual meeting of members of association; voting; quorum.
||Annual meeting of stockholders of capital stock associations;
notice; voting; quorum.
||Membership fees prohibited.
||Inspection of books and records of association; confidential
nature of certain books and records; access by members; procedure for members
to communicate with other members with reference to questions to be presented
at annual meeting.
||Board of directors to direct business of association; number
and qualifications of members; oath; procedure for filling vacancies.
||Board of directors to manage business and exercise powers
of capital stock association; election of members; term of office; qualifications;
||Bonding of association's officers, attorneys, employees,
agents and directors.
||Fiduciary relationship of directors and officers; disclosure
of personal interests; restrictions governing conduct; penalty.
||Deposit of association funds; approval by directors.
||Indemnification of director, officer or employee for expenses
of action to which he is made a party by reason of his position.
||Records; minutes of meetings; business transactions.
||Records; branch offices; agents.
||Records; maintenance by means of data processing services.
||Records; forms and accounting principles; closing of books;
description of assets.
||Records; overvaluation of assets.
||Records; real estate investments; appraisal.
||Records; loan and investment.
||Records; membership and stockholder.
||Records; reproduction by photostatic, photographic or microfilming
||Savings liability of association to equal aggregate amount
of savings accounts plus earnings; additions to accounts; responsibility
of members for losses; assessment of accounts; declaration of earnings;
||Savings accounts; execution of contract by holder.
||Savings accounts; evidence of ownership.
||Savings accounts; lost or destroyed account books or certificates.
||Savings accounts; inducements to open.
||Savings accounts; adverse claims to accounts.
||Savings plans at educational institutions.
||Payroll savings plans.
||Attorneys authorized to make withdrawals; revocation of
||Savings accounts issued to minors or persons under disability;
payment of withdrawals; powers of parent or guardian; withdrawals on death
||Accounts in the name of two (2) or more persons.
||Accounts of administrators, executors, guardians, trustees,
and other fiduciaries.
||Accounts of deceased nonresidents.
||Payments to successors without administration.
||Accounts payable at death.
||Savings accounts as legal investments and as security for
||Payment of earnings on savings accounts.
||Withdrawals by savings account holders.
||Securities in which associations may invest.
||Association may not invest in security or grant loan when
liquid assets are less than five percent of savings liability.
||Loans and other investments in which associations may invest.
||Real estate loans to be written on approved loan plans.
||Borrower's right to select attorney and obtain insurance
in connection with loan; rules and regulations governing fire, casualty
and title insurance.
||Payment of expenses in connection with closing of loan;
borrower to pay only his own attorney's fee; notice of right to select
attorney; right of association to require title insurance.
||Late payment charges.
||Reinstatement of loan prior to foreclosure sale.
||Right of association to deal with successor in interest
of real estate securing loan.
||Right to act to avoid loss.
||Branch offices; additional types of offices.
||Annual report; annual audit; additional reports and examinations;
access to books and papers.
||Public availability of federal evaluations of banks.
||Order of discontinuance of violation; enforcement in chancery
||Appointment of conservator; powers and privileges; directors,
officers and employees to remain; effect on deposits, withdrawals and loans.
||Appointment of receiver; powers of receiver; directors,
officers and attorneys authorized to contest appointment; surrender of
||Restrictions on appointment of conservator or receiver.
||Foreign associations; definition; conditions for doing business
in state; injunction against foreign association doing business without
||Foreign associations; activities of federal associations
and certain foreign associations not constituting doing of business within
state; subjectivity to suit.
||Federal associations domiciled in state.
||Offering and sale of savings accounts exempt from securities
||Acknowledgment or proof of written instrument in which association
interested; membership or employee status of public officer taking as affecting
||Untrue, false and malicious statements calculated to injure
reputation or business of certain savings associations; penalty for making.
||Advertising for deposits prohibited; exception as to certain
state and federal banks, credit unions and associations.
||Applicability of chapter to previously incorporated savings
associations; enforceability of obligations of such associations.
||Appeal from final rule, regulation or order of commissioner
||Solicitation of deposits by association or its representatives
without complying with provisions of chapter; penalty.
||Repeal of Secs. 81-12-1 through 81-12-207.
||Unsafe or unfair practice; notice of charges.
||Association in violation of provisions or cease and desist
order; civil penalty.
||Director, officer or employee violation of provisions or
cease and desist order; civil penalty.
||Commissioner to issue supervisory control for association.
||Appeal of cease and desist order.
||Reimbursement of fines or penalties.
||Cumulative fines and penalties.
||Credit allowed; discretion of commissioner.
||Amount of liability to association for loans.
||Commissioner to furnish copy of call reports; fee; failure
or refusal; misdemeanor.