§ 54C-46. Interim savings banks.
§ 54C‑46. Interimsavings banks.
(a) Article 2 of thisChapter shall not apply to applications for permission to organize an interimState savings bank so long as the application is approved by the Commissionerof Banks.
(b) Preliminaryapproval of an application for permission to organize an interim State savingsbank is conditional upon the Commissioner of Banks' approval of an applicationto merge the interim savings bank and an existing stock savings bank or on theCommissioner of Banks' approval of any other transaction. (1991, c. 680, s. 1; 2001‑193,s. 16.)