§ 11-109-305 — Application for charter

(1) After the capital stock has been
fully subscribed, the incorporators shall make application to the banking board for
a charter. The incorporators shall submit to the banking board the following:

(a) The proposed articles of incorporation in such form as the banking board,
pursuant to rules, shall prescribe and as shall be acceptable to the secretary of
state for purposes of filing;

(b) An application for a charter in such form and containing such information
as the banking board may require.

(2) If the proposed articles of incorporation or application do not comply with
the requirements of this article, and with the requirements of the banking board
issued pursuant thereto, the banking board shall, within thirty days after the receipt
thereof, return both of the said documents to the incorporators, calling attention to
the defects therein.

Legislative History

Source: L. 2003: Entire article added with relocations, p. 1186, � 3, effective July 1.