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1998 SESSION

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SB 88 Banking; fees for supervision, regulation, and investigations.

Introduced by: Charles J. Colgan | all patrons    ...    notes | add to my profiles

SUMMARY:

Banking; fees for supervision, regulation, and investigations. Permits the State Corporation Commission to reduce by order or regulation the statutory fees charged to banks, savings institutions and state savings banks for investigating various applications, including applications (i) for a certificate of authority, (ii) to establish, acquire or relocate one or more branches, (iii) for approval of a merger or consolidation, (iv) for authority to exercise trust powers, and (v) for certain conversions. The Commission may reduce such rates if the Commission concludes that there is a reasonable basis for doing so and that the reduction of the fee will not be detrimental to the effectiveness of the Bureau of Financial Institutions.


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