R331-17-3. Publication of Notice of Application

Related Notices
- No. 42149 (5-year Review): Rule R331-17. Publication and Disclosure of Acquisition of Control, Merger, or Consolidation Applications to the Department of Financial Institutions
- No. 36847 (5-year Review): Rule R331-17. Publication and Disclosure of Acquisition of Control, Merger, or Consolidation Applications to the Department of Financial Institutions

Latest version.

(1) Within ten days after the department has accepted an application for change of control, acquisition of, merger, or consolidation with a financial institution chartered by the state, the applicant shall publish an announcement of such acceptance in three successive issues of a newspaper of general circulation in the county where the principal place of business is established.

(2) The newspaper announcement shall contain:

(a) The name(s) of the proposed acquirer(s);

(b) The name of the financial institution whose stock is sought to be acquired;

(c) Date application was accepted by the department;

(d) A statement that any person wishing to comment on the proposed changes may submit written comments to the commissioner within 20 days following the required newspaper publication.

                    
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