In the case of a state bank to be incorporated as a corporation, the organizer shall be the person or persons who will be the incorporator or incorporators of the corporation for purposes of the Corporation Act. In the case of a state bank to be organized as a limited liability company, the organizer shall be the person or persons who will be an authorized person or persons for purposes of the LLC Act.
Source. 2015, 272:16, eff. Oct. 1, 2015.