§ 81-5-100. Establishment of electronic banking terminals
For the purposes of this section, the following words shall have the meaning herein described unless the context shall otherwise require: “Electronic terminal” means an unmanned electronic device owned or operated by a federally insured bank or thrift through which a consumer may initiate an electronic fund transfer. “Electronic fund transfer” means any of the […]
§ 81-5-101. Dissolution of solvent banks
When the owners of two-thirds of the capital stock of any solvent corporation engaged in a banking business shall have determined and voted to dissolve the corporation, they shall proceed in the following manner, to-wit: The corporation shall advise the department of bank supervision by registered mail, over the signature of the board of directors […]
§ 81-5-83. Limit of borrowing power of banks
No bank chartered and doing business under the laws of this state shall issue bills payable or be liable on rediscounts at any time to a total amount in excess of three times its capital and surplus. However, this limit may be exceeded by a bank with the consent and approval in writing, of the […]
§ 81-5-85. Consolidation, conversion or merger of state or state and national banks, state or federal savings and loan associations and state-chartered banks, and state or federal savings banks and state-chartered banks
Any two (2) or more state-chartered banks, or any national bank and any state-chartered bank, or any state or federal savings and loan association and any state-chartered bank, or any state or federal savings bank and any state-chartered bank, may, with the approval of the commissioner, consolidate with or merge into one (1) state-chartered bank, […]
§ 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 […]