1981 BANKING LAW. COPYRIGHT RODERICK H. SEEMAN

Article 31

When there has been an application for approval of the previous Article, the Minister of Finance must make an examination as to whether or not it meets the standards listed hereunder:

(1). The merger, transfer in total or in part of business or the acquisition in total or part of operations (hereinafter in this Article referred to as "merger, etc.")based on the provisions of the previous Article, is suitable in light of the harmony of demand and supply for funds and the convenience of users in the region where the banks, etc. (meaning the banks, etc provided for in Article 4, Paragraph 5. Hereinafter the same.) or credit unions, etc. which are the parties to the said merger, etc. conduct their business (for those situations where the transfer of business is partial or the acquisition of operations is partial, limited to the region where the said partial business operations are carried out).

(2) There is no concern that the merger, etc., will distrurb the financial order such as hindering the suitable competitive relationship between the financial institutions.

(3) That the projection that the bank which has applied for the approval of the previous Article, will accurately, fairly and efficiently conduct that business after the merger, etc. is reliable.