(a) A newly chartered savings bank shall be entitled to a license fee to operate upon payment to the department of the appropriate license fee as prescribed by the commissioner and upon evidence presented to the commissioner of the following:(a) Capable, efficient and equitable management;(b) Organization of the savings bank pursuant to law;(c) Completion of the organization of the savings bank; and(d) Passage of final inspection by the commissioner or his representative.
(a) Capable, efficient and equitable management;
(b) Organization of the savings bank pursuant to law;
(c) Completion of the organization of the savings bank; and
(d) Passage of final inspection by the commissioner or his representative.