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Savings Associations Law
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Section
81-12-1
Citation of chapter
Section
81-12-3
Definitions
Section
81-12-4
Private corporation laws; application to savings and loan associations
Section
81-12-5
Repealed
Section
81-12-6
Department of Savings Institutions and Savings Institution Board abolished; transfer of powers, duties, etc. to other agencies
Section
81-12-7
Rights, powers, privileges and duties of board
Section
81-12-9
Determinations of commissioner final; judicial review
Section
81-12-11
Duties of department
Section
81-12-13
and 81-12-15. Repealed
Section
81-12-17
Interests in savings institutions prohibited; confidentiality of information
Section
81-12-19
Repealed
Section
81-12-21
Transfer of books and records; continuation of actions
Section
81-12-23
Commissioner; supervisory and enforcement powers; approvals, orders and instructions
Section
81-12-24
Removal of officers and directors
Section
81-12-25
Incorporation; petition; fee; articles; bylaws; exhibits
Section
81-12-27
Incorporation; examination and investigation of petition
Section
81-12-29
Incorporation; notice of petition; filing notice of opposition; hearing
Section
81-12-31
Incorporation; meeting of board to consider petition; cross-examination of and compelling attendance of witnesses; disposition of petition
Section
81-12-33
Incorporation; proceedings upon approval of incorporation; commencement of corporate existence
Section
81-12-35
Organization of mutual association; subscription by incorporators; bond; expense fund; organization meeting
Section
81-12-37
Capital stock association; minimum required capital; paid-in surplus; determining and maintaining adequate net worth
Section
81-12-39
Capital stock association; statement of compliance; issuance of certificate of authorization; organization meeting
Section
81-12-41
Name of association; enjoining violations; penalty
Section
81-12-43
Change of name or location of home office; hearing
Section
81-12-45
Forfeiture of corporate existence; new corporations; extension of time within which to commence business
Section
81-12-47
Insurance accounts; liquidation of noncomplying existing associations; false representation as to insurance; penalty; injunction
Section
81-12-49
Powers of associations
Section
81-12-51
Additional powers of capital stock associations
Section
81-12-53
Conversion of association organized under state law into federal association
Section
81-12-55
Conversion of federal association into association organized under state law
Section
81-12-57
Conversion of association organized under state law or of federal association into capital stock association
Section
81-12-59
Conversion of association organized under state law or of federal association into capital stock association; hearing on plan of conversion; notice; costs
Section
81-12-61
Conversion of capital stock association organized under state law into federal association
Section
81-12-63
Conversion prohibited; exceptions
Section
81-12-65
Reorganization, merger and consolidation of associations
Section
81-12-66
Ownership by holding company
Section
81-12-67
Acquisition of controlling interest in capital stock association; certificate of approval; definitions; restrictions on ownership or control; reports; examinations
Section
81-12-69
Termination of association; liquidation of assets; surrender of charter
Section
81-12-71
Annual meeting of members of association; voting; quorum
Section
81-12-73
Annual meeting of stockholders of capital stock associations; notice; voting; quorum
Section
81-12-75
Membership fees prohibited
Section
81-12-77
Inspection of books and records of association; confidential nature of certain books and records; access by members; procedure for members to communicate with other members with reference to questions to be presented at annual meeting
Section
81-12-79
Call reports
Section
81-12-81
Board of directors to direct business of association; number and qualifications of members; oath; procedure for filling vacancies
Section
81-12-83
Board of directors to manage business and exercise powers of capital stock association; election of members; term of office; qualifications; oath; vacancies
Section
81-12-85
Bonding of association's officers, attorneys, employees, agents and directors
Section
81-12-87
Fiduciary relationship of directors and officers; disclosure of personal interests; restrictions governing conduct; penalty
Section
81-12-89
Deposit of association funds; approval by directors
Section
81-12-91
Indemnification of director, officer or employee for expenses of action to which he is made a party by reason of his position
Section
81-12-93
Management contracts
Section
81-12-95
Records; minutes of meetings; business transactions
Section
81-12-97
Records; branch offices; agents
Section
81-12-99
Records; maintenance by means of data processing services
Section
81-12-101
Records; forms and accounting principles; closing of books; description of assets
Section
81-12-103
Records; overvaluation of assets
Section
81-12-105
Records; real estate investments; appraisal
Section
81-12-107
Records; loan and investment
Section
81-12-109
Records; membership and stockholder
Section
81-12-111
Records; reproduction by photostatic, photographic or microfilming process
Section
81-12-113
Reserves
Section
81-12-115
Savings liability of association to equal aggregate amount of savings accounts plus earnings; additions to accounts; responsibility of members for losses; assessment of accounts; declaration of earnings; preferences
Section
81-12-117
Savings accounts
Section
81-12-119
Savings accounts; execution of contract by holder
Section
81-12-121
Savings accounts; evidence of ownership
Section
81-12-123
Savings accounts; lost or destroyed account books or certificates
Section
81-12-125
Savings accounts; inducements to open
Section
81-12-127
Savings accounts; adverse claims to accounts
Section
81-12-129
Savings plans at educational institutions
Section
81-12-131
Payroll savings plans
Section
81-12-133
Attorneys authorized to make withdrawals; revocation of authority
Section
81-12-135
Savings accounts issued to minors or persons under disability; payment of withdrawals; powers of parent or guardian; withdrawals on death of holder
Section
81-12-137
Accounts in the name of two (2) or more persons
Section
81-12-139
Accounts of administrators, executors, guardians, trustees, and other fiduciaries
Section
81-12-141
Accounts of deceased nonresidents
Section
81-12-143
Payments to successors without administration
Section
81-12-145
Accounts payable at death
Section
81-12-147
Savings accounts as legal investments and as security for bonds
Section
81-12-149
Payment of earnings on savings accounts
Section
81-12-151
Withdrawals by savings account holders
Section
81-12-153
Redemptions
Section
81-12-155
Securities in which associations may invest
Section
81-12-157
Association may not invest in security or grant loan when liquid assets are less than five percent of savings liability
Section
81-12-159
Loans and other investments in which associations may invest
Section
81-12-161
Real estate loans to be written on approved loan plans
Section
81-12-163
Borrower's right to select attorney and obtain insurance in connection with loan; rules and regulations governing fire, casualty and title insurance
Section
81-12-165
Payment of expenses in connection with closing of loan; borrower to pay only his own attorney's fee; notice of right to select attorney; right of association to require title insurance
Section
81-12-167
Late payment charges
Section
81-12-169
Reinstatement of loan prior to foreclosure sale
Section
81-12-171
Right of association to deal with successor in interest of real estate securing loan
Section
81-12-173
Right to act to avoid loss
Section
81-12-175
Branch offices
Section
81-12-176
Branch offices; additional types of offices
Section
81-12-177
Annual report; annual audit; additional reports and examinations; access to books and papers
Section
81-12-178
Public availability of federal evaluations of banks
Section
81-12-179
Order of discontinuance of violation; enforcement in chancery court
Section
81-12-181
Appointment of conservator; powers and privileges; directors, officers and employees to remain; effect on deposits, withdrawals and loans
Section
81-12-183
Appointment of receiver; powers of receiver; directors, officers and attorneys authorized to contest appointment; surrender of charter
Section
81-12-184
Supervisory merger
Section
81-12-185
Restrictions on appointment of conservator or receiver
Section
81-12-187
Foreign associations; definition; conditions for doing business in state; injunction against foreign association doing business without approval
Section
81-12-189
Foreign associations; activities of federal associations and certain foreign associations not constituting doing of business within state; subjectivity to suit
Section
81-12-191
Federal associations domiciled in state
Section
81-12-193
Fees
Section
81-12-195
Offering and sale of savings accounts exempt from securities regulations
Section
81-12-197
Acknowledgment or proof of written instrument in which association interested; membership or employee status of public officer taking as affecting validity
Section
81-12-199
Untrue, false and malicious statements calculated to injure reputation or business of certain savings associations; penalty for making
Section
81-12-201
Advertising for deposits prohibited; exception as to certain state and federal banks, credit unions and associations
Section
81-12-203
Applicability of chapter to previously incorporated savings associations; enforceability of obligations of such associations
Section
81-12-205
Appeal from final rule, regulation or order of commissioner or board
Section
81-12-207
Solicitation of deposits by association or its representatives without complying with provisions of chapter; penalty
Section
81-12-209
Repealed
Section
81-12-211
Unsafe or unfair practice; notice of charges
Section
81-12-213
Association in violation of provisions or cease and desist order; civil penalty
Section
81-12-215
Director, officer or employee violation of provisions or cease and desist order; civil penalty
Section
81-12-217
Commissioner to issue supervisory control for association
Section
81-12-219
Appeal of cease and desist order
Section
81-12-221
Reimbursement of fines or penalties
Section
81-12-223
Cumulative fines and penalties
Section
81-12-225
Credit allowed; discretion of commissioner
Section
81-12-227
Amount of liability to association for loans
Section
81-12-229
Commissioner to furnish copy of call reports; fee; failure or refusal; misdemeanor