§ 45-1-127. Fiduciary Responsibilities or Liabilities of Financial Institutions, Officers or Employees
No financial institution or officer or employee thereof shall be deemed or implied to be acting as fiduciary or have a fiduciary obligation or responsibility to its customers or to other parties, other than shareholders of the institution, unless there is a written agency or trust agreement under which the financial institution specifically agrees to […]
§ 45-1-118. Charter Application Costs — Annual Banking Fee — Assessments — Recovering the Costs of Examination and Supervision
Each state bank shall pay to the department the cost, as determined by the commissioner, of investigating an application by the bank for a charter as a new bank or for a branch bank. The commissioner shall determine an annual budget for the department. The amount of the budget attributable to the regulation and examination […]
§ 45-1-107. Powers and Duties of Commissioner
In addition to other powers conferred by this title, the commissioner has the power to: Interpret this chapter and chapter 2 of this title, and regulate banking practices thereunder; Restrict the withdrawal of deposits from all or one (1) or more state banks where the commissioner finds that extraordinary circumstances make the restriction necessary for […]
§ 45-1-108. Review of Commissioner’s Orders — Enforcement
A person who is aggrieved by an order of the commissioner issued pursuant to § 45-1-107 is entitled to judicial review as provided in the Uniform Administrative Procedures Act, compiled in title 4, chapter 5. A person who is aggrieved and directly affected by an order of the commissioner issued pursuant to other provisions of […]
§ 45-1-109. Oaths of Office
The commissioner shall, within fifteen (15) days from the time of notice of the appointment, take and subscribe to the constitutional oath of office. In addition, the commissioner, examiners and other employees, before entering upon discharge of their duties, shall take and subscribe to an oath to faithfully and impartially perform the duties of their […]
§ 45-1-110. [reserved.]
Neither the commissioner nor any other employee of the department shall be liable in any civil action for damages for any act done or omitted in good faith in performing the duties of the person’s office.
§ 45-1-112. Official Seal
The secretary of state shall provide the commissioner with an official seal. Every paper executed by the commissioner, in pursuance of any authority conferred on the commissioner by law and sealed with the official seal, shall be received in evidence, and may be recorded in any proper recording office in this state, in the same […]
§ 45-1-113. Office Facilities
The governor shall assign to the commissioner a suitable room or rooms for conducting the business of the department, and this department shall be furnished with the necessary furniture, stationery, lights, and other proper conveniences and clerical assistants in the same manner as is furnished to other state departments.
§ 45-1-114. Removal of Commissioner From Office — Causes — Procedure
The commissioner may be removed from office for neglect of duty, malfeasance, misfeasance, extortion or corruption in office, incompetency, or intemperance in the use of intoxicating liquors or narcotics to such an extent, in view of the dignity of the office and the importance of its duties, as to render the commissioner unfit for the […]
§ 45-1-115. Divisions Within Department — Classification and Salaries of Department Positions
There are created within the department the following divisions: The bank examination division; The bank charter and branch application division; The credit union division; The administrative and support services division; and The industrial loan and thrift companies division. The commissioner is authorized, with the consent of the governor, to combine, consolidate or abolish any of […]