9-806. Failure to engage in business.
9-806
9-806. Failure to engage in business.
Any newly organized bank or trust company which shall not begin business
within one hundred and twenty days after a certificate has been issued to
it by the commissioner shall not engage in the banking business or the
business of a trust company without again obtaining a certificate of
authority from the commissioner.
History: L. 1947, ch. 102, § 9; June 30.