Financial institutions

Creation and Expansion

SECTION 19-2-15

§ 19-2-15 Approval of amendments to by-laws required.

The by-laws of any financial institution shall not be altered, amended, or added to except upon approval of the director or the director's designee. A certified copy of the proposed alteration, amendment, or addition shall be submitted to the director or the director's designee, who shall endorse his or her approval or disapproval, and shall maintain a copy of the approval or disapproval.

History of Section.
(P.L. 1995, ch. 82, § 39.)