ARTICLE 1 - PROVISIONS APPLICABLE TO DEPARTMENT OF BANKING AND FINANCE AND FINANCIAL INSTITUTIONS GENERALLY
- PART 1 - PURPOSES AND PRELIMINARY MATTERS
- § 7-1-1 - Short title
- § 7-1-10 - Rules of construction
- § 7-1-11 - Registration of nonresident corporations
- § 7-1-2 - Legislative findings
- § 7-1-3 - Objectives of chapter; standards for construction and regulation
- § 7-1-4 - Definitions
- § 7-1-5 - Unauthorized activity as a financial institution
- § 7-1-6 - Notices; waivers of notice
- § 7-1-7 - Publication of notices or advertisements
- § 7-1-8 - Applicability of common law
- § 7-1-9 - Reservation of power over financial institutions
- PART 2 - ORGANIZATION AND PERSONNEL OF DEPARTMENT OF BANKING AND FINANCE
- § 7-1-30 - Department created
- § 7-1-31 - Position and term of commissioner
- § 7-1-32 - Qualifications of commissioner
- § 7-1-33 - Removal or suspension of commissioner
- § 7-1-34 - Vacancy in office of commissioner
- § 7-1-35 - Deputy commissioners, examiners, and assistants
- § 7-1-36 - Oath and bond of commissioner, deputy commissioner, and examiners
- § 7-1-37 - Restrictions on commissioner, deputy commissioners, and examiners
- § 7-1-38 - Commissioner's office expenses
- § 7-1-39 - Seal of department; evidentiary effect
- § 7-1-40 - Delegation of authority by commissioner
- § 7-1-41 - Prescribing fees; payment procedure
- § 7-1-42 - Enforcement of payment of fees
- § 7-1-43 - Disposition of fees collected; payment of expenses from appropriations
- PART 3 - OPERATIONS OF DEPARTMENT OF BANKING AND FINANCE
- § 7-1-60 - General scope of supervision
- § 7-1-61 - Rules and regulations
- § 7-1-62 - Accounting procedures
- § 7-1-63 - Retention of records
- § 7-1-64 - Department examinations and investigations; disclosure of information or prior notice regarding examinations of financial institutions
- § 7-1-65 - Examinations and investigations on request
- § 7-1-66 - Method of examination and investigations; special examiners; subpoenas
- § 7-1-67 - Reports of examinations
- § 7-1-68 - Reports to department; publication of summaries; penalty for noncompliance
- § 7-1-69 - Retention of reports
- § 7-1-70 - Disclosure of information
- § 7-1-71 - Removal of officers, directors, or employees
- § 7-1-72 - Regulation of persons performing services for financial institutions
- § 7-1-73 - Regulation of affiliates
- § 7-1-74 - Annual report of department
- § 7-1-75 - Discretion of department
- § 7-1-76 - Department may act after time limit without resubmittal; withdrawal of applications and requests; imposition of conditions; nullification
- § 7-1-77 - Approval by commissioner of state or federal rules and regulations affecting financial institutions
- § 7-1-78 - Agreements with other regulatory authorities
- § 7-1-79 - Discretionary expedited approval process; considerations
- PART 4 - PROCEEDINGS INVOLVING THE DEPARTMENT OF BANKING AND FINANCE
- § 7-1-90 - Judicial review of department actions
- § 7-1-91 - Orders by department; enforcement; civil penalty
- § 7-1-92 - Forfeiture proceedings
- § 7-1-93 - Injunction and other actions by department
- § 7-1-94 - Evidential value of results of examinations or investigations
- § 7-1-95 - Admissibility of department's certificates and copies
- § 7-1-96 - Liability on bonds for nonperformance of duty
- § 7-1-97 - Costs of actions by or against department
- § 7-1-98 - Department of Law to advise department
- § 7-1-99 - Duties and responsibilities of department regarding interest and usury complaints; advisory opinions; effect
- PART 5 - PERMISSIVE CLOSING DAYS, EMERGENCY CLOSINGS, BUSINESS RESTRICTIONS, AND VOLUNTARY LIQUIDATIONS
- § 7-1-110 - Permissive closing days; deferral of business conducted on Saturday
- § 7-1-110.1 - Posting notice of intent to close banking location
- § 7-1-111 - Emergency closings
- § 7-1-111.1 - Posting notice of intent to close banking location
- § 7-1-112 - Business restrictions
- § 7-1-113 - Voluntary dissolution prior to commencement of business
- § 7-1-114 - Voluntary dissolution after commencement of business
- § 7-1-115 - Winding up voluntary dissolution proceedings
- § 7-1-116 - Articles of dissolution where business commenced; procedure if not filed
- § 7-1-117 - Certificate of dissolution
- PART 6 - NAMES, REGISTERED OFFICES, AND ADVERTISING
- PART 7 - RECEIVERSHIP POWERS AND PROCEDURES GENERALLY
- § 7-1-150 - Taking of possession by department; cumulative remedies
- § 7-1-151 - Status of department as receiver; restrictions on appointment
- § 7-1-152 - General assignment prohibited; taking of possession upon request
- § 7-1-153 - Posting of notice of taking possession
- § 7-1-154 - Certificate of possession; naming deputy receiver
- § 7-1-155 - Injunction to restrain department
- § 7-1-156 - Supervision of department by court
- § 7-1-157 - General powers of department in possession
- § 7-1-158 - Appointment of deputy receivers, counsel, and other assistants
- § 7-1-159 - Suspension or continuation of business
- § 7-1-160 - Determination to liquidate; filing of supplemental certificate
- § 7-1-161 - Powers and duties of department before and after determination to liquidate
- § 7-1-162 - Inventory and appraisement
- § 7-1-163 - Notice to holders of assets; power of court to order transfer
- § 7-1-164 - Power of department to borrow money
- § 7-1-165 - Surrender of burdensome assets
- § 7-1-166 - Compromise of claims; extension of mortgages or notes
- § 7-1-167 - Payment of mortgages and liens; protection of equities
- § 7-1-168 - Sales of real property
- § 7-1-169 - Leases of property
- § 7-1-170 - Sales or exchanges of securities; sales of liens or personal property
- § 7-1-171 - Deposit of moneys by department
- § 7-1-172 - Disposition of property in safe-deposit vault or held for safekeeping
- § 7-1-173 - Bringing or defending actions
- § 7-1-174 - Surrender of possession by department prior to final liquidation; special liquidations and reorganizations
- § 7-1-175 - Ability of department to reject executory contract or lease of financial institution in receivership
- § 7-1-176 - Sale of assets of financial institution in receivership
- PART 8 - CLAIMS, PRIORITIES, AND ACCOUNTING IN RECEIVERSHIPS
- § 7-1-190 - Preservation of assets; proceedings in lieu of attachment, execution, or repossession
- § 7-1-191 - Exclusivity of claims procedure; effect of receivership on pending actions
- § 7-1-192 - Notice to depositors and other creditors to present claims
- § 7-1-193 - Proof of claims of depositors
- § 7-1-194 - Proof of claims of creditors
- § 7-1-195 - Allowance of claims
- § 7-1-196 - Advance payment of dividends to depositors
- § 7-1-197 - Expenses of administration
- § 7-1-198 - Filing or ordering partial or final account; notice of filing; exceptions
- § 7-1-199 - Adjudication of rejected claims and exceptions to account
- § 7-1-200 - Confirmation of account; distribution of dividends; final disposition of assets insufficient for distribution; cancellation of articles
- § 7-1-201 - Unclaimed dividends
- § 7-1-202 - Order of payment of liabilities; secured or preferred claims and liens
- § 7-1-203 - Subrogation of insurer of deposits or shares
- § 7-1-204 - Liquidation of excess assets by trustees
- § 7-1-205 - Destruction of records
- PART 9 - RECEIVERSHIP PROCEDURES INVOLVING TRUST OR POOLED ASSETS
- § 7-1-220 - Definitions and applicability
- § 7-1-221 - Status of department in relation to trust and pooled assets
- § 7-1-222 - Jurisdiction of court over trust and pooled assets
- § 7-1-223 - Substituted trustee or manager for trust and pooled assets
- § 7-1-224 - Transfers to substituted trustee or manager without accounting
- § 7-1-225 - Transfers to substituted trustee or manager with accounting; deficiencies
- PART 10 - CHANGE IN CONTROL OF FINANCIAL INSTITUTIONS
- § 7-1-230 - Definitions
- § 7-1-231 - Acquisition of control without permission prohibited
- § 7-1-232 - Notice of proposed acquisition required; approval or disapproval by department; judicial review
- § 7-1-233 - Contents of notice
- § 7-1-234 - Grounds for disapproving proposal
- § 7-1-235 - Part inapplicable to bank holding company transactions
- § 7-1-236 - Report of change in control
- PART 11 - COSTS ON JUDICIAL PROCESS
- PART 12 - DEPOSITS OF DECEASED DEPOSITORS
- § 7-1-239 - Payment of large deposits of deceased intestate depositors; deposit of sums held for deceased intestate residents; affidavit included with application for deposit
- § 7-1-239.1 - Payment of checks or instruments payable to deceased intestate persons; affidavit included with application for payment
- PART 13 - BANK FEES