(a) The Bank Commissioner shall notify the organizers of the proposed state trust company when the application is complete and accepted for filing and all required fees and deposits have been paid.
(b) Upon submission of an application to the commissioner, the organizers of the proposed state trust company shall provide:(1) Notice through publication of one (1) notice published in a newspaper having a general and substantially statewide circulation; and(2) Written notice of filing through the United States mail to all trust institutions maintaining a principal office or a trust office in the county wherein the principal office of the proposed state trust company is to be located.
(1) Notice through publication of one (1) notice published in a newspaper having a general and substantially statewide circulation; and
(2) Written notice of filing through the United States mail to all trust institutions maintaining a principal office or a trust office in the county wherein the principal office of the proposed state trust company is to be located.
(c) (1) The commissioner shall investigate the application for a charter for a state trust company and inquire into the identity and character of each proposed director, officer, and principal shareholder of the state trust company.(2) The investigation under subdivision (c)(1) of this section may be conducted at the expense of the organizers of the state trust company.(3) The commissioner shall prepare a written report of the investigation under this subsection, and any person may request a copy of the nonconfidential portions of the application as provided by the Freedom of Information Act of 1967, § 25-19-101 et seq.(4) (A) Rules adopted under this chapter may specify the confidential or nonconfidential character of information obtained by the State Bank Department under this section.(B) Except as provided in rules regarding confidential information, the financial statement of a proposed officer, director, or principal shareholder of the state trust company is confidential and not subject to public disclosure.
(1) The commissioner shall investigate the application for a charter for a state trust company and inquire into the identity and character of each proposed director, officer, and principal shareholder of the state trust company.
(2) The investigation under subdivision (c)(1) of this section may be conducted at the expense of the organizers of the state trust company.
(3) The commissioner shall prepare a written report of the investigation under this subsection, and any person may request a copy of the nonconfidential portions of the application as provided by the Freedom of Information Act of 1967, § 25-19-101 et seq.
(4) (A) Rules adopted under this chapter may specify the confidential or nonconfidential character of information obtained by the State Bank Department under this section.(B) Except as provided in rules regarding confidential information, the financial statement of a proposed officer, director, or principal shareholder of the state trust company is confidential and not subject to public disclosure.
(A) Rules adopted under this chapter may specify the confidential or nonconfidential character of information obtained by the State Bank Department under this section.
(B) Except as provided in rules regarding confidential information, the financial statement of a proposed officer, director, or principal shareholder of the state trust company is confidential and not subject to public disclosure.