§ 81-5-87. Holding of real estate by bank
Any banking corporation doing business in this state may purchase, hold and convey real estate for the following purposes and no others: Such real estate as shall be necessary in which to transact the business of any such bank, including with its banking offices, premises in the same building to rent as a source of […]
§ 81-5-89. Limitations upon acceptances
A state bank may accept drafts or bills of exchange drawn upon it having not more than six (6) months’ sight to run, exclusive of days of grace, which grew out of transactions involving the shipment of goods, provided shipping documents conveying or securing title are attached as security at the time of acceptance of […]
§ 81-5-93. Clearinghouse associations authorized
Banks or banking institutions in any municipality or county or counties in this state may organize and establish clearinghouse associations, composed of such banks and banking institutions as may become members thereof, by voluntary action for the purpose of effecting daily settlements and exchanges by and between the associate banks, the payment or settlements at […]
§ 81-5-95. Powers of clearinghouse associations
Clearinghouse associations, by the action of the members thereof, shall have the power to adopt and enact rules, regulations and bylaws providing: (a) for officers and business agents of such clearinghouse association, and for the maintenance of same; (b) for the conduct of the affairs and business of the association; (c) for the settlement of […]
§ 81-5-62. Accounts payable at death
[Effective from and after January 1, 2020] Accounts payable at death may be established under the following conditions: An account in a bank, including a national bank, may be opened by any person or persons with directions to make such an account payable on the death of the person or persons opening such an account […]
§ 81-5-63. Deposit in name of two or more persons; payments to successors of deceased depositors without administration; “successor” defined
When a deposit has been made or is hereafter made in the name of two (2) or more persons, payable to any one (1) of those persons, or payable to any one (1) of those persons or the survivor, or payable to any one (1) of those persons or to the survivor or survivors, or […]
§ 81-5-64. Access to safe-deposit box upon death of sole lessee or last surviving co-lessee; definitions; order of priority; documentation required; rights and responsibilities of persons granted access; liability protections to financial institutions
Definitions.For purposes of this section, the following terms shall have the following meanings: “Financial institution” means any banking corporation, national bank, savings and loan association, credit union or postal savings bank operating in this state. “Safe-deposit box” means a storage container maintained in the vault area of a financial institution leased to a financial institution […]
§ 81-5-65. Accounts of deceased depositors to be reported; publicity of same
It shall be the duty of every officer and employee of the department of bank supervision to report to the state comptroller the name of every person not known to be living who appears by the records of the bank to have a sum of money on deposit; provided this section shall only apply to […]
§ 81-5-67. Settlement of adverse claims to deposits
Notice to any bank doing business in this state of an adverse claim to a deposit standing on its books to the credit of any person shall not be effectual to cause the bank to recognize such adverse claimant unless such adverse claimant shall also either procure a restraining order, injunction or other appropriate process […]
§ 81-5-71. Certifying checks
No officer, clerk or employee of any bank shall certify to a check unless the amount thereof actually stands to the credit of the drawer on the books of the bank, and any person who shall wilfully violate this provision shall on conviction thereof, be deemed guilty of a misdemeanor and be punished by a […]