81-14-77 - Licensing.
§ 81-14-77. Licensing.
A newly chartered savings bank shall be entitled to a license fee to operate upon payment to the department of the appropriate license fee as prescribed by the commissioner and upon evidence presented to the commissioner of the following:
(a) Capable, efficient and equitable management;
(b) Organization of the savings bank pursuant to law;
(c) Completion of the organization of the savings bank; and
(d) Passage of final inspection by the commissioner or his representative.
Sources: Laws, 1992, ch. 489, § 18; reenacted without change, Laws, 1997, ch. 364, § 18; reenacted without change, Laws, 2001, ch. 457, § 18, eff from and after July 1, 2001.