9-1720

Chapter 9.--BANKS AND BANKING; TRUST COMPANIES
Article 17.--BANKING CODE; SUPERVISION; COMMISSIONER

      9-1720.   Change of control; approval of commissioner required.It shall be unlawful for a person, acting directly or indirectlyor through concert with one or more persons, to acquire control of any bankthrough purchase, assignment, pledge or other disposition of voting sharesof such bank, except with the approval of the commissioner or as otherwiseallowed by this act.

      History:   L. 1984, ch. 47, § 2; Jan. 1, 1985.