45 NAC 8-003. ARTICLES OF INCORPORATION

003 ARTICLES OF INCORPORATION. 003.01 Prior to submitting a notice of a proposed capital stock increase, a bank must determine if the amount of authorized capital stock set forth in its Articles of Incorporation is sufficient to include the proposed increase. If insufficient, the bank must amend its Articles of Incorporation in accordance with 45 NAC 6. 003.02 Prior to submitting a notice of a proposed capital stock decrease, a bank must determine if an amendment to its Articles of Incorporation is necessary to decrease the number of authorized shares of the bank, which may be appropriate if cancellation or retirement of unissued shares is planned. 003.03 Proposed amendments to the Articles of Incorporation necessary for increasing or decreasing capital stock must be filed with the Department prior to, or simultaneously with, the filing of the notices referenced in this Rule, and in accordance with 45 NAC 5.