§ 81-27-5.102. Transactions in state trust company shares or participation shares
A state trust company may acquire its own shares or participation shares if: The amount of its undivided profits is sufficient to fully absorb the acquisition of the shares or participation shares under regulatory accounting principles; or The state trust company obtains the prior written approval of the commissioner. A state trust company may acquire […]
§ 81-27-5.103. Subsidiaries
Except as otherwise provided by this article or rules or regulations adopted under this article, a state trust company may acquire or establish a subsidiary to conduct any activity that may lawfully be conducted through the form of organization chosen for the subsidiary. A state trust company may not invest more than an amount equal […]
§ 81-27-5.001. Investment in state trust company facilities
In this subarticle, “state trust company facility” means real estate, including an improvement, owned, or leased to the extent the lease or the leasehold improvements are capitalized, by a state trust company for the purpose of: Providing space for state trust company employees to perform their duties and space for parking by state trust company […]