Sec 6-1109. Determination of control of one person by another; hearing; notice

Before determining whether a person controls another person or before denying or approving an application for approval to become a financial institution holding company the superintendent may hold a hearing. The superintendent shall give notice of the hearing to the applicant, the financial institution or controlling person concerned and to such other persons as the superintendent determines appropriate. The date for commencement of the hearing shall be not later than thirty days after the date of the notice, unless the applicant consents to an extension of the period.