ARTICLE 11.
BANKS AND TRUST COMPANIES.
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Bank Commissioner.
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21 Articles of incorporation
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1 Appointment, term, bond, salary and
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23 Powers of corporation
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removal
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25 Examination before business starts.
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2 Deputy Commissioner and clerks,
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certificate
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bonds
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26 Directors, officers, annual meeting
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4 Commissioner and employees not to
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27 Reorganization of state bank as
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own stock of banks or trust com-
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national bank
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panies
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6A Examination by Federal Deposit
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Savings Institutions.
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Insurance Corporation may be ac-
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32 No capital stock, branches
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cepted
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35 Dividends, interest and guarantee
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8A Directors may place banking insti-
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fund
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tution under Commissioner
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40A Amendment of charter
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9 Commissioner may take possession
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40B Voluntary liquidation
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if business is improperly con-
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40C Consolidation
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ducted, notice
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41 Application of Secs 32-40C
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9A Security for deposits made by re-
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ceiver
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Trust Companies.
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9AA Notice after Commissioner has
taken possession of banking In-
stitution
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42 Incorporation, capital
43 Investigation of incorporators, ap-
proval or rejection of charter;
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9AB -9C Reorganization of bank in re-
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record, fees
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ceivership, report by Commis-
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44 Commissioner to receive certificate
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sioner as receiver
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of organization
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9D Municipal corporations having de-
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45 Certificate to commence business
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posits may consent to reorganiza-
tion of banking institution
11 Report of institutions violating law
15 Commissioner and subordinates not
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46 Powers of corporation
48 When fiduciary or depository, lia-
bilities are preferred accounts
50 Directors, elections, vacancies
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to become indebted to banking in-
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stitution, sell securities or nego-
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General Regulations.
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tiate loans
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52A Right of perpetual succession
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16 Institutions to pay for examina-
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52B Branch banks or trust companies
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tions, rate, disposition of pro-
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53A Participation in industrial loans
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ceeds
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54 Amendment of charter increase or
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17 Repealed
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reduction of capital
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Banking Board.
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54A Issuance of preferred stock
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19A Appointment, term and duties
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54B May issue capital notes, deben-
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tures bonds etc
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Banks.
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55 For what purposes real estate may
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20 Establishment of banks and branch
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be purchased, held and conveyed
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banks, capital
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55A Unlawful to have affiliates
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