Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session
Section 11-109-304 - Capital(1) The banking board shall establish by rules the capital standards and guidelines, the methods for measuring capital, and the definitions of "capital", "capital adequacy", "capital inadequacy", and other related terms for trust companies subject to this article, which may differ for specific purposes. In promulgating such rules, the banking board shall consider all relevant factors, including without limitation the policies set forth in section 11-101-102 and relevant federal laws and regulations.(2) Each trust company subject to this article shall at all times comply with the capital rules promulgated by the banking board.L. 2003: Entire article added with relocations, p. 1186, § 3, effective July 1.This section is similar to former § 11-23-106 as it existed prior to 2003.