Financial Institutions

Depository Change in Control Act

SECTION 19-8-6

§ 19-8-6. Notice of change in control.

Whenever a change in control occurs, each regulated institution shall report promptly to the appropriate banking regulator any change or replacement of its chief executive officer or any directors occurring in the next twelve-month (12) period. The report shall contain a statement of the past and current business and professional affiliations of the new chief executive officer or directors.

History of Section.
(P.L. 1995, ch. 82, § 46; P.L. 1997, ch. 98, § 7.)