§ 54B-69 – Removal of directors, officers and employees.
54B-69. Removal of directors, officers and employees. (a) If, in the Commissioner of Banks’ opinion, one or more directors, officers or employees of any association has participated in or consented to any violation of this Chapter, or any other law, rule, regulation or order, or any unsafe or unsound business practice in the operation of […]
§ 54B-70 – Involuntary liquidation.
54B-70. Involuntary liquidation. (a) The Commissioner of Banks with prior approval of the Commission may take custody of the books, records and assets of every kind and character of any association organized and operated under the provisions of this Chapter for any of the purposes hereinafter enumerated, if it reasonably appears from examinations or from […]
§ 54B-71 – Judicial review.
54B-71. Judicial review. Any person or State association against whom a cease and desist order is issued or a fine is imposed may have such order or fine reviewed by a court of competent jurisdiction. Except as otherwise provided, an appeal may be made only within 30 days of the issuance of the order or […]
§ 54B-72 – Indemnity.
54B-72. Indemnity. No person who is fined or penalized for a violation of any criminal provision of this Article shall be reimbursed or indemnified in any fashion by the association for such fine or penalty. (1981, c. 282, s. 3.)
§ 54B-73 – Cumulative penalties.
54B-73. Cumulative penalties. All penalties, fines, and remedies provided by this Article shall be cumulative. (1981, c. 282, s. 3.)
§ 54B-74 – Annual license fees.
54B-74. Annual license fees. All State associations shall pay an annual license fee set by the Commissioner of Banks, subject to the advice and consent of the Commission. Such license fee shall be used to defray the expenses incurred by the Division in supervising State associations. The Commissioner of Banks may license each State association […]
§ 54B-75 – Statement filed by savings and loan association; fees and examination.
54B-75. Statement filed by savings and loan association; fees and examination. Every State association shall file in the Office of the Commissioner of Banks, on or before the first day of February in each year, in the form prescribed by the Commissioner of Banks, a statement of the business standing and financial condition of the […]
§ 54B-77 – Certain powers granted to State associations.
54B-77. Certain powers granted to State associations. (a) In addition to the powers granted under this Chapter, any savings and loan association incorporated or operated under the provisions of this Chapter is herein authorized to: (1) Establish off the premises of any principal office or branch a customer communications terminal, point-of-sale terminal, automated teller machine, […]
§ 54B-78 – Prohibited practices.
54B-78. Prohibited practices. Any person or association who shall engage in any of the following acts or practices shall be guilty of a Class 1 misdemeanor: (1) Defamation: Making, publishing, disseminating, or circulating, directly or indirectly, or aiding, abetting, or encouraging the making, publishing, disseminating, or circulating of any oral, written, or printed statement which […]
§ 54B-66 – Criminal penalties.
54B-66. Criminal penalties. (a) The provisions of this section shall in no event extend to persons who are found to have acted only with gross negligence, simple negligence, recklessness or incompetence. (b) In addition to any of the other penalties or remedies provided by this Article, the following shall be deemed to be Class 1 […]