9-1723.   Change of control; disapproval; reasons.The commissioner may disapprove any proposed acquisition if:

      (a)   The proposed acquisition of control would result in a monopoly orwould be in furtherance of any combination or conspiracy to monopolize orattempt to monopolize the business of banking in any part of this state;

      (b)   the financial condition of any acquiring person is such as might jeopardizethe financial stability of the bank or prejudice the interests of the depositorsof the bank;

      (c)   the competence, experience or integrity of any acquiring person orof any of the proposed management personnel indicates that it would notbe in the interest of the depositors of the bank or in the interest of thepublic to permit such person to control the bank; or

      (d)   any acquiring person neglects, fails or refuses to furnish the commissionerall the information required by the commissioner.

      History:   L. 1984, ch. 47, § 5; Jan. 1, 1985.