8-118. Banks; unlawful promotion; sale of stock prior to issuance of charter; penalty.
(1) It shall be unlawful for any person for hire (a) to promote or attempt to promote the organization of a corporation to conduct the business of a bank in this state or (b) to sell the capital stock of such a corporation prior to the issuance of a charter to such corporation authorizing its operation as a bank.
(2) Any person violating the provisions of this section is guilty of a Class II misdemeanor.
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