32-8-104. Charter required -- misrepresentation cause for disqualification. (1) A person may not operate or conduct business as a depository in this state without a charter issued by the board.
     (2) A depository shall post the charter certificate in a conspicuous place.
     (3) A person who is found by the commissioner to have falsely represented to a customer that a charter had been obtained is permanently disqualified from obtaining a charter.

     History: En. Sec. 4, Ch. 382, L. 1997.