"      Section 6. That § 51A-1-2 be amended by adding thereto NEW SUBDIVISIONS to read as follows:

as a limited liability company pursuant to chapter 47-34A.

     Section 7. That § 51A-3-2 be amended to read as follows:

     51A-3-2.   The For a bank organized as a corporation, the articles of incorporation of a bank corporation shall state , and for a bank organized as a limited liability company, the articles of organization of a bank shall state :

     Section 8. That § 51A-3-5 be amended to read as follows:

     51A-3-5.   The For a bank organized as a corporation, the original issue of bank stock , and for a bank organized as a limited liability company, the original issue of members' equity, shall be sold at a price of not less than twenty percent in excess of its par value and paid for in full in lawful money of the United States. The excess over the par value shall be credited on the books of the bank to the surplus.

     Section 9. That § 51A-3-6 be amended to read as follows:

     51A-3-6.   One-tenth of the net profit for any dividend period shall be carried to the surplus fund until such fund shall amount to twenty percent of the capital stock or members' equity . Any losses sustained in excess of undivided profits may be charged to the surplus account, but no dividends shall thereafter be declared or paid until the surplus fund shall amount to twenty percent of the capital stock or members' equity .

     Section 10. That § 51A-5-6 be amended to read as follows:

     51A-5-6.   It is lawful for any national bank to engage in trust business in this state to the extent authorized by the laws of the United States, without incorporating or organizing under the laws of this state, but they a national bank shall otherwise comply with and be subject to all laws of this state

which are applicable to state banks engaged in trust business including such examinations as may be deemed necessary, except that the authority of the commission and the director shall apply to their trust business only. The director may accept in lieu of an examination conducted under his the director's direction, any report of examination conducted by the appropriate federal regulatory agency.

     Section 11. That § 51A-12-2 be amended to read as follows:

     51A-12-2.   Except as otherwise provided in this title, no bank organized as a corporation or limited liability company may loan, or otherwise extend credit, to any corporation, partnership, or individual, an amount greater than the sum of: