32-8-311. Sale or transfer of charter prohibited -- penalty. (1) A charter issued by the board may not be sold, traded, transferred, or otherwise assigned to another corporation.
     (2) A person who attempts to sell, trade, or transfer a depository charter or who knowingly accepts a depository charter in violation of subsection (1) is subject to civil and criminal penalties pursuant to 32-8-602 and 32-8-603.

     History: En. Sec. 20, Ch. 382, L. 1997.