The procedures for the application and issuance of a certificate of authority to a savings bank organized pursuant to section 47.12 shall be those applicable to a state bank in sections 46.041 to 46.045.

* NOTE: The amendment to this section by Laws 2005, chapter *69, article 3, section 5, is effective August 1, 2006. Laws *2005, chapter 69, article 4, section 2.