TITLE 19
Financial Institutions

CHAPTER 19-8
Depository Change in Control Act

SECTION 19-8-3


§ 19-8-3. Review of application.

Upon receiving an application, the director, or the director's designee, shall:

(1) Conduct an investigation of the competence, experience, integrity, and financial ability of each person by whom the acquisition is to be made; and

(2) Make an independent determination of the accuracy and completeness of any information prescribed.

History of Section.
(P.L. 1995, ch. 82, § 46.)