Chapter 659
Organization and Licensing of Banks

Requirements for organization by person, existing corporation or existing limited-liability company.

Articles of incorporation or organization: Contents.

Delivery of articles of incorporation or organization for filing

Examination and certification of proposed bank by Commissioner

Payment of assessment

Appeal from refusal to make certification.

Filing of articles of incorporation or organization

Payment of initial stockholders’ or members’ equity

Filing of statement regarding directors, managers and officers and proof of federal deposit insurance.

Examination of affairs of bank by Commissioner

Restriction on transaction of business.

Unlawful transaction of banking business without license

Unlawful use of words “bank,” “banking” or “banker” in name