Chapter 06A - Creation Of Trust Companies
- Section 51A-6A-1 - Definitions.
- Section 51A-6A-2 - Confidential information.
- Section 51A-6A-3 - "Community" defined.
- Section 51A-6A-4 - Application for incorporation--Approval procedure--Emergency procedure.
- Section 51A-6A-5 - Considerations in ruling on application-Proceedings on application.
- Section 51A-6A-6 - Application fee.
- Section 51A-6A-6.1 - Repealed.
- Section 51A-6A-7 - Articles of organization or incorporation--Submission and approval--Requiredinformation.
- Section 51A-6A-8 - Amendment of articles--Extension of existence.
- Section 51A-6A-9 - Starting date of trust company existence--Commencement of business.
- Section 51A-6A-10 - Statement of payment of capital--Certificate of organization.
- Section 51A-6A-11 - Authority to transact business required--Violation as misdemeanor.
- Section 51A-6A-11.1 - Public trust companies to have office premises that would establish jurisdiction overtrust for which trust company is qualified person.
- Section 51A-6A-12 - List of owners--Annual submission to director--Verification of list.
- Section 51A-6A-13 - Governing board--Membership--Election--Vacancies.
- Section 51A-6A-14 - Officers of governing board--Bond required.
- Section 51A-6A-15 - Meetings of governing board--Examination and audit of books and records.
- Section 51A-6A-16 - Oath of board members.
- Section 51A-6A-17 - Persons convicted of certain crimes ineligible to serve as board member, officer, orkey employee--Civil penalty--Criminal background investigation.
- Section 51A-6A-18 - Repealed.
- Section 51A-6A-19 - Determining capital--Minimum--Purpose of capital--Fidelity bond or liabilityinsurance policy.
- Section 51A-6A-19.1 - Additional capital requirements--Safety and soundness factors to be considered--Effective date of order--Hearing.
- Section 51A-6A-19.2 - Investments pledged to the division for the security of trust creditors of trustcompany--Income from investments--Effective date of order requiring pledgeincrease--Hearing.
- Section 51A-6A-20 - Stock or ownership units--Payment of subscriptions--Reduction of common stock.
- Section 51A-6A-21 - Transferring stock and ownership units.
- Section 51A-6A-22 - Increasing capital stock or ownership units.
- Section 51A-6A-23 - Registration of capital stock or ownership units.
- Section 51A-6A-24 - Issuance of preferred stock.
- Section 51A-6A-25 - Rights and liability of preferred stockholders--Dividends.
- Section 51A-6A-26 - Issuance of convertible or nonconvertible capital notes or debentures.
- Section 51A-6A-27 - Source of dividends.
- Section 51A-6A-28 - Dividends from undivided profits.
- Section 51A-6A-29 - Powers of trust company.
- Section 51A-6A-30 - Retention of records--Promulgation of rules--Reproduction of records--Duty ofconfidentiality.
- Section 51A-6A-31 - Periodic examination of trust company--Report of examination--Cooperative,coordinating and information-sharing agreements among agencies.
- Section 51A-6A-32 - Examination of fiduciary affairs of officers or employees--Examination of affiliatedcompanies or corporations.
- Sections 51A-6A-33, 51A-6A-34 - Examination expenses paid by trust companies--Fees. Annual report of trust company to director--Form of report--Request for additional reports
- Section 51A-6A-35 - Authority of trust company revoked upon obstruction or interference with, or refusalto submit to, examination of director.
- Section 51A-6A-36 - Service of notice of charges--Contents of notice--Temporary cease and desist order.
- Section 51A-6A-37 - Revocation of franchise for failure to comply with lawful requirements.
- Section 51A-6A-38 - Hearing on revocation of trust authority.
- Section 51A-6A-39 - Confidentiality of information generated by examination--Notice of intent todisclose--Hearing.
- Section 51A-6A-40 - Correction of unsafe or unsound condition or operation--Appointment of specialassistant--Appeal of appointment.
- Section 51A-6A-41 - Insolvency defined.
- Section 51A-6A-42 - Director to take charge of insolvent trust company--Appointment of special assistant.
- Section 51A-6A-43 - Plan for reorganization of insolvent trust company.
- Section 51A-6A-44 - Appointment of receiver--Bond--Qualifications--Report--Removal.
- Section 51A-6A-45 - Powers and duties of receiver--Order of payment of liabilities.
- Section 51A-6A-45.1 - Liability of receiver.
- Section 51A-6A-46 - Periodic examination of trust company in the hands of a receiver.
- Section 51A-6A-46.1 - Suspension, liquidation, order against unsound practice, removal of director orofficer, or injunction.
- Section 51A-6A-46.2 - Confidentiality of information--Inapplicability to certain actions.
- Section 51A-6A-47 - Acquisition of trust company--Notice to director--Approval--Order of disapproval--Hearing.
- Section 51A-6A-48 - Contents of notice of proposed acquisition.
- Section 51A-6A-49 - Reason for disapproval of acquisition.
- Section 51A-6A-50 - Procedure for merging, consolidating with, or transferring assets and liabilities to,another bank or trust company.
- Section 51A-6A-51 - Necessity of execution or delivery of deed for merger or consolidation.
- Section 51A-6A-52 - Fiduciary capacity of successor trust company.
- Section 51A-6A-53 - Name of trust company--Name change.
- Section 51A-6A-54 - Approval required for changing place of business--Examination and investigation bydirector.
- Section 51A-6A-55 - Agreements between contracting trustee and original trustee as to authority ofcontracting trustee.
- Section 51A-6A-56 - Notice to director of agreement with contracting trustee.
- Section 51A-6A-57 - Notice of disapproval of agreement with contracting trustee--Petition to removecontracting trustee.
- Section 51A-6A-58 - Establishment of trust service offices--Application.
- Sections 51A-6A-59, 51A-6A-60 - Repealed
- Section 51A-6A-61 - Membership in federal reserve bank.
- Section 51A-6A-62 - Depositing securities into federal reserve bank.
- Section 51A-6A-63 - Registering investments in name of nominee--Liability of trust company.
- Section 51A-6A-64 - Establishment of common trust fund--Investment of funds in common trust fund.