Chapter 53 — Organization

53.01 Organization This section gives the commissioner of commerce the authority to charter and regulate industrial loan and thrift … 53.015 Definitions This section defines key financial terms used in the industrial loan and thrift company chapter. It explains what … 53.02 Capital This section describes the requirements for organizing a new industrial loan and thrift company. It covers how to apply … 53.03 Certificate This section sets rules about the powers and activities of industrial loan and thrift companies. It describes what types … 53.04 Special Powers This section covers the governance and management of industrial loan and thrift companies. It addresses the board of … 53.05 Powers, Limitation This section sets minimum capital and surplus requirements for industrial loan and thrift companies. The company must … 53.051 This section has been repealed and is no longer in effect. It was removed by Laws 1981, chapter 258, section 23. 53.06 Directors, Residence This section gives the commissioner of commerce the power to examine and audit industrial loan and thrift companies. … 53.07 Reserve This section covers enforcement actions the commissioner can take against industrial loan and thrift companies that … 53.08 Dividends This section addresses the lending limits and restrictions for industrial loan and thrift companies. It sets caps on how … 53.09 Oversight and Administration This section covers the interest rates and fees that industrial loan and thrift companies can charge on loans. It sets … 53.10 Mandatory Insurance of Accounts This section sets rules for how industrial loan and thrift companies handle deposits and investments. It includes …