9-1720. Change of control; approval of commissioner required.
9-1720
9-1720. Change of control; approval of commissioner required.
It shall be unlawful for a person, acting directly or indirectly
or through concert with one or more persons, to acquire control of any bank
through purchase, assignment, pledge or other disposition of voting shares
of such bank, except with the approval of the commissioner or as otherwise
allowed by this act.
History: L. 1984, ch. 47, § 2; Jan. 1, 1985.