§ 53C-10-201 – Combination authority.
53C-10-201. Combination authority. With the approval of the Commissioner, a holding company of a bank may combine with one or more other holding companies or other companies. The application for approval shall be in the form required by the Commissioner and shall be accompanied by such fee as may be required by rule. (2012-56, s. […]
§ 53C-10-202 – Combination application and investigation.
53C-10-202. Combination application and investigation. (a) A holding company of a bank seeking approval of a combination shall file with the Commissioner an application for approval, copies of the agreement under which the holding company proposes to effect the combination, and any additional information that the Commissioner shall require by rule or as is required […]
§ 53C-10-203 – Decision on application.
53C-10-203. Decision on application. Based on the application and the Commissioner’s examination, the Commissioner shall enter an order approving or denying approval of the proposed combination not later than the 60th day following the date the Commissioner notifies the parties that the application is complete, unless extraordinary circumstances require a longer period of review. (2012-56, […]