<html> <head> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p align=center><a name="_GoBack"></a><b>CHAPTER 20:07:03</b></p> <p align=center><b>INTERNAL MANAGEMENT OF BANKS</b></p> <p>Section</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:01">20:07:03:01</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds required.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:01.01">20:07:03:01.01</a>&nbsp;&nbsp; Void.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:02">20:07:03:02</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blanket bond schedule.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:03">20:07:03:03</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Copy of resolution required.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:03.01">20:07:03:03.01</a>&nbsp;&nbsp; Accounting principles.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:04">20:07:03:04</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Records required.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:05">20:07:03:05</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:06">20:07:03:06</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief executive officer of banks to be board member.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:07">20:07:03:07</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounting for advances to borrowers.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:08">20:07:03:08</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:09">20:07:03:09</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounting for late payments -- Installment note and conditional sales contract with acceleration clause.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:10">20:07:03:10</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrual accounting.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:11">20:07:03:11</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Requirements for issuing securities.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:12">20:07:03:12</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized general investments.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:12.01">20:07:03:12.01</a>&nbsp;&nbsp; Investment in mutual funds.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:13">20:07:03:13</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:14">20:07:03:14</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:15">20:07:03:15</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:16">20:07:03:16</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge-off requirements.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:17">20:07:03:17</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for loan and lease losses.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:18">20:07:03:18</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board member involvement required.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:18.01">20:07:03:18.01</a>&nbsp;&nbsp; Number and frequency of board meetings -- Exception.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:19">20:07:03:19</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:20">20:07:03:20</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:21">20:07:03:21</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:22">20:07:03:22</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repealed.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:23">20:07:03:23</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans made with the assistance of third parties.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:24">20:07:03:24</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in federal home loan bank.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:25">20:07:03:25</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time limit allowed on overdrafts.</p> <p><a href="DisplayRule.aspx?Rule=20:07:03:26">20:07:03:26</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank borrowings.</p> </div> </body> </html>