Chapter 3 - AUTHORIZATION TO ENGAGE IN BANKING
- Section 1040 - Definitions
- Section 1041 - Articles filed with commissioner for approval; filings after articles filed with Secretary of State
- Section 1042 - Issuance of certificate of authorization
- Section 1043 - Unlawful to accept payment for shares unless authority to organize granted
- Section 1044 - Transaction of business prohibited until certificate issued; indebtedness prohibited until contributed capital fully paid
- Section 1045 - Failure to timely file evidence of incorporation and organization after approval of application
- Section 1046 - Failure to timely open for business after certificate issued
- Section 1047 - Funds collected from subscribers or shareholders used to pay commissions or fees
- Section 1048 - Certificate posted in conspicuous place at head office