TITLE 26

BANKS AND BANKING

CHAPTER 4

BANK SERVICE CORPORATIONS

26-403.  Banks jointly holding stock — Effect of withdrawal by one bank. If stock in a bank service corporation has been held by two (2) banks, and one (1) of such banks ceases to utilize the services of the corporation and ceases to hold stock in it, and leaves the other as the sole stockholding bank, the corporation may nevertheless continue to function as such and the other bank may continue to hold stock in it.

History:

[26-403, added 1979, ch. 41, sec. 2, p. 80.]