§ 15-4-908 - Preliminary investigation.
15-4-908. Preliminary investigation.
As soon as practicable after the receipt of the articles of incorporation, the Bank Commissioner shall, from the best source of information at his or her command:
(1) Ascertain the qualifications, character, and general fitness of the applicants and their standing in their respective communities; and
(2) Determine whether public convenience and necessity require a development finance corporation.