- Formation of state banking institutions — Charter requirements for the formation of state banks, savings banks, savings and loan associations and trust companies
- Corporate structure and management — Requirements relating to capital, shares, bylaws, directors, officers and employees
- Loans and investments
- Trust services and fiduciary activities
- Branch banking
- Electronic banking (including automatic teller machines)
- State regulation and supervision—Examinations, investigations and fees
- Penalties—civil liabilities
Various portions of the Uniform Commercial Code related to state banking are also included. State UCC laws provided in full text encompass:
Article 1 — General Provisions [Selected States]
Article 3 — Negotiable Instruments
Article 4 — Bank Deposits and Collections
Article 4A — Funds Transfers
Article 5 — Letters of Credit
Article 8 — Investment Securities
Article 9 — Secured Transactions [Selected States]
You won't find any other source with focused coverage of state laws and regulations affecting the jurisdictions in which your bank does business — The State Banking Law Reporter isn't just for banks operating on the state level. While all federally insured banks, regardless of charter, must comply with some aspects of federal law and regulations, a substantial number of banks are actually chartered at the state level. Even national banks are subject to provisions of state law that do not conflict with federal laws governing the national bank's activities and operations. Examples include state laws governing the extent of fiduciary (or trust) powers, including the depositing of securities with state authorities for the protection of trust accounts. Also, while federal law grants to national banks the power to accept deposits, a national bank is subject to valid state law requiring the bank to turn over to the state any deposits that are inactive and unclaimed for a set period of time under state trust laws and unclaimed property laws.
Stay abreast of law changes in every state
An Enacted Legislation Chart and Pending Legislation Chart provide easy to use reference tools to determine the status of significant legislative developments relating to state banking in each state.
- The chart of laws enacted lists the subject, identifies the statutory article or chapter involved, indicates the date of Governor's action and provides the effective date.
- The chart of pending laws shows the bill number, includes a summary of the legislation and indicates the status. Generally, only those bills that have passed at least one chamber of a state's legislature are reported in the Pending Legislation Chart. New entries in both charts are identified by a plus symbol ("+") symbol. In addition, new and amended legislation and regulations are highlighted in the report letter that comes with the monthly updates. Legislative changes are incorporated into the state divisions in the State Banking Law Reporter so the full text of up to date state laws and regulations is always available to the researcher.
Compare laws and regulations from different states — For institutions doing business in multiple states, or considering expansion into new states, the State Banking Law Reporter provides comprehensive coverage of state laws within those jurisdictions. Reading the monthly report letter will keep users up to date on trends in state law, which can be particularly important as states begin to adopt uniform laws or as states react to industry practices posing problems for consumers. Topically arranged indexes located at the beginning of each state division provide a path to locate laws and explanations. A consistent topical organization of subject areas facilitates state-by-state comparisons and provides explanations for each state covering charter requirements, corporate governance, powers, fiduciary activities, unclaimed property, mergers and acquisitions, branch banking, electronic banking, reporting requirements and other topics. Cross-references in the explanations direct readers to the full text of laws and regulations. Use of the indexes and explanations enables the researcher to compare banking laws and regulations across state lines.
The State Banking Law Reporter is the perfect complement to the CCH Federal Banking Law Reporter — Paragraph numbers within the State Banking Law Reporter direct you to relevant federal law in the CCH Federal Banking Law Reporter. (To subscribe to the Federal Banking Law Reporter, contact your representative.)