(1) The banking board shall annually establish fees and assessments pursuant to section 11-102-104 (11). Assessments may be made more frequently than annually at the discretion of the banking board.
(2) For the fiscal year beginning July 1, 1992, and for each fiscal year thereafter, the banking board shall establish its annual assessment to be collected at least semiannually in such amounts as are sufficient to generate the moneys appropriated by the general assembly to the division of banking for each such fiscal year.
Source: L. 2003: Entire article added with relocations, p. 1186, § 3, effective July 1.
Editor's note: This section is similar to former § 11-23-105.5 as it existed prior to 2003. 11-109-304. Capital. (1) The banking board shall establish by rules the capital standards and guidelines, the methods for measuring capital, and the definitions of "capital", "capital adequacy", "capital inadequacy", and other related terms for trust companies subject to this article, which may differ for specific purposes. In promulgating such rules, the banking board shall consider all relevant factors, including without limitation the policies set forth in section 11-101-102 and relevant federal laws and regulations.
(2) Each trust company subject to this article shall at all times comply with the capital rules promulgated by the banking board.
Source: L. 2003: Entire article added with relocations, p. 1186, § 3, effective July 1.
Editor's note: This section is similar to former § 11-23-106 as it existed prior to 2003.