A. No bank holding company shall control a bank unless the bank is one such as is defined in Section 2(c) of the federal Bank Holding Company Act of 1956, as amended.
B. No company that is not a bank holding company shall control a bank.
C. In addition to other remedies provided for by law, the Commissioner may enforce the provisions of this section by:
1. Injunction; or
2. Cease and desist order; or
3. Fine.
Added by Laws 1985, c. 168, § 8, emerg. eff. June 18, 1985. Amended by Laws 1996, c. 92, § 10, eff. June 1, 1996.
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