There is a newer version of the North Carolina General Statutes
2005 North Carolina Code - Chapter 53 — Banks.
- § 53-2. How incorporated.
- § 53-3. Certificate of incorporation; how signed, proved and filed.
- § 53-4. Examination by Commissioner; when certification to be refused; review by Commission.
- § 53-5. Certificate of incorporation, when certified.
- § 53-6. Payment of capital stock.
- § 53-7. Statement filed before beginning business.
- § 53-8. Authorized to begin business.
- § 53-9. Transactions preliminary to beginning business.
- § 53-9.1. Deposit insurance.
- § 53-10. Increase of capital stock.
- § 53-11. Decrease of capital stock.
- § 53-12. Merger or consolidation of banks and savings associations.
- § 53-13. Merged or consolidated banks and savings associations deemed one bank or savings association.
- § 53-14. Reorganization.
- § 53-15. Repealed by Session Laws 1947, c. 696.
- § 53-16. Consolidation, conversion or merger of State banks or trust companies with national banks.
- § 53-17. Fiduciary powers and liabilities of banks or trust companies merging or transferring assets and liabilities.
- § 53-17.1. Supervisory acquisition of State association.
- § 53-17.2. Conversion of savings association to a State bank.
- § 53-18. Voluntary liquidation.
- § 53-19. When Commissioner of Banks may take charge.
- § 53-20. Liquidation of banks.
- § 53-21. Sale of stocks of defunct banks validated.
- § 53-22. Statute relating to receivers applicable to insolvent banks.
- § 53-23. Disposition of books, records, etc.
- § 53-24. Destruction of records of liquidated insolvent banks.
- § 53-25. Trust terminated on insolvency of trustee bank.
- § 53-26. Petition for new trustee; service upon parties interested.
- § 53-27. Publication and contents of notice.
- § 53-28. Appointment where no objection made.
- § 53-29. Hearing where objection made; appeal from order.
- § 53-30. Registration of final order.
- § 53-31. Petition and order applicable to all instruments involved.
- § 53-32. Additional remedy.
- § 53-33. Validation of acts of officers of insolvent banks as trustees in deeds of trust.
- § 53-34. Validation of sales by Commissioner of Banks under mortgages, etc., giving banks power of sale.
- § 53-35. Foreclosures and execution of deeds by Commissioner of Banks validated.
- § 53-36. Commissioner to report to Secretary of State certain matters relative to liquidation of closed banks; publication.
- § 53-39. New State banks to set up surplus fund.
- § 53-40. Executors, trustees, etc., not personally liable.
- § 53-41. Stock sold if subscription unpaid.
- § 53-42. Impairment of capital; assessments, etc.
- § 53-42.1. Change in bank control or management.
- § 53-43. General powers.
- § 53-43.1. Obligations of agencies supervised by Farm Credit Administration as securities for deposits of public funds.
- § 53-43.2. Obligations of agencies supervised by Federal Home Loan Bank Board as securities for deposits of public funds.
- § 53-43.3. Officers and employees; share purchase and option plans.
- § 53-43.4. Issuance of capital notes and debentures.
- § 53-43.5. Minors' deposits and safe-deposit agreements.
- § 53-43.6. School thrift or savings plan.
- § 53-43.7. Safe-deposit boxes; unpaid rentals; procedure; escheats.
- § 53-44. Investment in bonds guaranteed by United States.
- § 53-44.1. Investments in obligations of agencies supervised by Farm Credit Administration.
- § 53-44.2. Investments in obligations of agencies supervised by Federal Home Loan Bank Board.
- § 53-45. Banks, fiduciaries, etc., authorized to invest in securities approved by the Secretary of Housing and Urban Development, Federal Housing Administration, Veterans Administration, etc.
- § 53-46. Limitations on investments in securities.
- § 53-46.1. Investments in mutual funds.
- § 53-47. Limitations on investment in stocks.
- § 53-48. Limitation of loans.
- § 53-49. Suspension of investment and loan limitation.
- § 53-50. Requirement of reserve fund.
- § 53-51. Reserve and cash defined.
- § 53-52. Repealed by Session Laws 1981, c. 599, s. 19, effective October 1, 1981.
- § 53-53. Repealed by Session Laws 1981, c. 599, s. 18, effective October 1, 1981.
- § 53-54. Transactions not performed during banking hours.
- § 53-55. Commercial and business paper defined.
- § 53-56. Bank acceptances defined.
- §§ 53-57 through 53-58. Repealed by Session Laws 1965, c. 700, s. 2.
- § 53-59: Repealed by Session Laws 1991, c. 677, s. 3.
- § 53-60. Authorized investment in farm loan bonds.
- § 53-61. Authority to join federal reserve bank.
- § 53-62. Establishment of branches; limited service facilities; and off-premises customer-bank communications terminals.
- § 53-63. Unlawful issuing of certificate of deposit.
- § 53-64. Loans secured by bank's own stock or stock of parent bank holding company.
- § 53-65. Deposits payable on demand.
- § 53-66. Repealed by Session Laws 1983, c. 214, s. 7, effective April 22, 1983.
- § 53-67. Banks controlled by boards of directors.
- § 53-68. Statements showing deposits of State and State officials.
- § 53-69. Repealed by Session Laws 1945, c. 635.
- § 53-70. No fees on remittances covering checks.
- § 53-71. Checks payable in exchange.
- § 53-72. Repealed by Session Laws 1971, c. 244, s. 3.
- § 53-73. Checks exempted.
- § 53-74. Repealed by Session Laws 1971, c. 244, s. 3.
- § 53-75. Statement of account from bank to depositor deemed final adjustment if not objected to within five years; statements of account to be rendered annually or on request.
- § 53-76. Depositor not relieved from exercising diligence as to errors.
- § 53-77. Governor empowered to proclaim banking holidays.
- § 53-77.1: Repealed by Session Laws 1989, c. 187, s. 9.
- § 53-77.1A. Days and hours of operation.
- § 53-77.2. Repealed by Session Laws 1971, c. 319, s. 2.
- § 53-77.2A: Repealed by Session Laws 1995 (Regular Session, 1996), c. 556, s. 1.
- § 53-77.3. Banks suspending business during an emergency.
- § 53-78. Appointment of executive and loan committees by directors.
- § 53-79. Minutes of meetings of directors and executive and loan committees.
- § 53-80. Qualifications of directors.
- § 53-81. Directors shall take oath.
- § 53-82. Liability of directors.
- § 53-83. Examining committee of directors.
- § 53-84. Depositories designated by directors.
- § 53-85. Shareholders' book.
- § 53-86. Directors, officers, etc., accepting fees, etc.
- § 53-87. Directors may declare dividends.
- § 53-88. Use of surplus.
- § 53-89. Overdrafts, payment by officer, etc.
- § 53-90. Officers and employees shall give bond.
- § 53-91: Repealed by Session Laws 1995, c. 129, s. 17.
- § 53-91.1. Assets to be written off.
- § 53-91.2. Loans to executive officers.
- § 53-91.3. Directors defined; appointment of advisory directors.
- § 53-92. Appointment of Commissioner of Banks; State Banking Commission.
- § 53-92.1. Commission bound by requirements imposed on Commissioner as to certification of new banks, establishment of branches, etc.
- § 53-93. Powers and duties of Commissioner.
- § 53-93.1. Deputy commissioners.
- § 53-94. Right to sue and defend in actions involving banks; liability to suit.
- § 53-95. Commissioner to exercise powers under supervision of Banking Commission.
- § 53-96. Salary of Commissioner; legal assistance.
- § 53-96.1. Salaries, promotions, and leave of employees of the Office of the Commissioner of Banks.
- § 53-97. Repealed by Session Laws 1983, c. 328, s. 4, effective June 1, 1983.
- § 53-98. Seal of office of Commissioner; certification of documents.
- § 53-99. Official records.
- § 53-99.1. Confidential records.
- § 53-100. General or special investigations of insolvent banks.
- § 53-101. Clerical help.
- § 53-102. Offices.
- § 53-103. Repealed by Session Laws 1945, c. 743, s. 1.
- § 53-104. Commissioner of Banks shall have supervision over, etc.
- § 53-104.1. Examination of nonbanking affiliates.
- § 53-105. Reports of condition.
- § 53-106. Special reports.
- § 53-107. Penalty for failure to make report.
- § 53-107.1. Administrative orders; penalties for violation.
- § 53-107.2. Review by the Banking Commission; additional penalties.
- § 53-108. List of shareholders of record to be kept.
- § 53-109. Official communications of Commissioner of Banks.
- § 53-110. Banking Commission to prescribe books, records, etc.; retention, reproduction and disposition of records.
- § 53-111. When reserve below legal requirement.
- § 53-112. Appraisal of assets of doubtful value.
- § 53-113. Certified copies of records as evidence.
- § 53-114. Other powers of State Banking Commission.
- § 53-115. State Banking Commission to adopt rules.
- § 53-116. Commissioner need not take over banks failing to meet deposit demands.
- § 53-117. Appointment by Commissioner of Banks; examination of banks.
- § 53-118. Duties and powers.
- § 53-119. Removal of officers and employees.
- § 53-120. Examiners may administer oaths; summoning witnesses.
- § 53-121. Examiners may make arrest.
- § 53-122. Fees and assessments.
- § 53-123. Examiners shall make report.
- § 53-124. Examiner making false report.
- § 53-125. Examiners disclosing confidential information.
- § 53-126. Loans or gratuities forbidden.
- § 53-127. Unlawful use of terms indicating that business is bank or trust company; unauthorized use of name of banking entity.
- § 53-128. Willfully and maliciously making derogatory reports.
- § 53-129. Misapplication, embezzlement of funds, etc.
- § 53-130. Making false entries in banking accounts; misrepresenting assets and liabilities of banks.
- § 53-131. False certification of a check.
- § 53-132. Receiving deposits in insolvent banks.
- § 53-133. Advertising larger amount than that paid in capital stock.
- § 53-134. Offenses declared misdemeanors; prosecution; employment of counsel; punishment.
- § 53-135. General corporation law to apply.
- § 53-136. Industrial bank defined.
- § 53-137. Manner of organization.
- § 53-138. Corporate title.
- § 53-139. Capital stock.
- § 53-140. Sales of capital stock; accounting; fees.
- § 53-141. Powers.
- § 53-142. Restriction on powers.
- § 53-143. Investments; securities; loans; limitations.
- § 53-144. Supervision and examination.
- § 53-145. Sections of general law applicable.
- § 53-146. Deposits in two names.
- § 53-146.1. Joint accounts.
- § 53-146.2. Payable on Death (POD) accounts.
- § 53-146.3. Personal agency accounts.
- § 53-147. Repealed by Session Laws 1943, c. 543.
- § 53-148. Provision for bank conservators; duties and powers.
- § 53-149. Examination of bank.
- § 53-150. Termination of conservatorship.
- § 53-151. Special funds for paying depositors and creditors ratably; new deposits.
- § 53-152. Reorganization on agreement of depositors and stockholders.
- § 53-153. Segregation of recent deposits not effective after bank turned back to officers; notice of turning bank back to officers.
- § 53-154. Issuance of preferred stock.
- § 53-155. Rights and liabilities of preferred stockholders.
- § 53-156. Term "stock" to include preferred stock.
- § 53-157. Rights and liabilities of conservator.
- § 53-158. Naming of conservator not liquidation.
- § 53-158.1. Scope of preferred stock provisions.
- § 53-159. Bank may act as fiduciary.
- § 53-159.1. Power of fiduciary or custodian to deposit securities in a clearing corporation.
- § 53-160. License to do business.
- § 53-161. Examination as to solvency.
- § 53-162. Certificate of solvency.
- § 53-163. Clerk of superior court notified of license and revocation.
- § 53-163.1. Funds held by a corporation exercising fiduciary powers awaiting investment or distribution.
- § 53-163.2. Investments in securities by banks or trust companies.
- § 53-163.5. Establishment of common trust funds.
- § 53-163.6. Court accountings.
- § 53-163.7. Supervision by State Banking Commission.
- § 53-163.8. Uniformity of interpretation.
- § 53-163.9. Short title.
- § 53-164. Title.
- § 53-165. Definitions.
- § 53-166. Scope of Article; evasions; penalties; loans in violation of Article void.
- § 53-167. Expenses of supervision.
- § 53-168. License required; showing of convenience, advantage and financial responsibility; investigation of applicants; hearings; existing businesses; contents of license; transfer; posting.
- § 53-169. Application for license.
- § 53-170. Locations; change of ownership or management.
- § 53-171. Revocation, suspension or surrender of license.
- § 53-172. Conduct of other business in same office.
- § 53-173. Maximum rate of interest and fee; computation of interest; limitation on interest after judgment; limitation on interest after maturity of the loan.
- § 53-173.1: Repealed by Session Laws 1989, c. 17, s. 4.
- § 53-173.2. Repealed by Session Laws 1975, c. 110, s. 2.
- § 53-174: Repealed by Session Laws 1989, c. 17, s. 4.
- § 53-175. Fee for returned checks.
- § 53-176. Optional rates, maturities and amounts.
- § 53-176.1: Repealed by Session Laws 1989, c. 17, s. 4.
- § 53-177. Recording fees.
- § 53-178. No further charges; no splitting contracts; certain contracts void.
- § 53-179. Multiple-office loan limitations.
- § 53-180. Limitations and prohibitions on practices and agreements.
- § 53-181. Statements and information to be furnished to borrowers; power of attorney or confession of judgment prohibited.
- § 53-182. Payment of loans; receipts.
- § 53-183. Advertising, broadcasting, etc., false or misleading statements.
- § 53-184. Securing of information; records and reports; allocations of expense.
- § 53-185. Rules and regulations by Banking Commission and Commissioner.
- § 53-186. Commissioner to issue subpoenas, conduct hearings, give publicity to investigations, etc.
- § 53-187. Injunctive powers; receivers.
- § 53-188. Review of regulations, order or act of Commission or Commissioner.
- § 53-189. Insurance.
- § 53-190. Loans made elsewhere.
- § 53-191. Businesses exempted.
- § 53-208.1. Citation of Article.
- § 53-208.2. Definitions.
- § 53-208.3. License required.
- § 53-208.4. Exemptions.
- § 53-208.5. License qualifications.
- § 53-208.6. Permissible investments and statutory trust.
- § 53-208.7. License application.
- § 53-208.8. Surety bond.
- § 53-208.9. Fees.
- § 53-208.10. Issuance of license.
- § 53-208.11. Renewal of license and annual report.
- § 53-208.12. Quarterly reports.
- § 53-208.13. Extraordinary reporting requirements.
- § 53-208.14. Changes in control of a license.
- § 53-208.15. Examinations.
- § 53-208.16. Maintenance of records and certificate of authority.
- § 53-208.17. Confidentiality of data submitted to the Commissioner.
- § 53-208.18. Suspension or revocation of licenses.
- § 53-208.19. Authorized delegate contracts.
- § 53-208.20. Authorized delegate conduct.
- § 53-208.21. Revocation or suspension of authorized delegates.
- § 53-208.22. Licensee liability.
- § 53-208.22A. Disclosures of transmissions.
- § 53-208.23. Hearings; procedures.
- § 53-208.24. Civil penalties.
- § 53-208.25. Enforcement.
- § 53-208.26. Criminal penalties.
- § 53-208.27. Rules.
- § 53-208.28. Severability.
- § 53-208.29. Appointment of Secretary of State as agent for service of process.
- § 53-208.30. Transition.
- § 53-209. Title.
- § 53-210. Definitions.
- § 53-211. Acquisitions by out-of-state bank holding companies.
- § 53-212: Repealed by Session Laws 1993, c. 175, s. 10, as amended by Session Laws 1993 (Regular Session, 1994), c. 599, s. 1.
- § 53-212.1. Bank agent for deposit institution affiliate.
- § 53-213. Prohibitions.
- § 53-214. Applicable laws, rules and regulations.
- § 53-215. Appeal of Commissioner's decision.
- § 53-216. Periodic reports; interstate agreements.
- § 53-217. Enforcement.
- § 53-218. Nonseverability.
- § 53-224.9. Definitions.
- § 53-224.10. Purpose.
- § 53-224.11. Interstate branching by North Carolina State banks.
- § 53-224.12. Interstate branching by de novo entry.
- § 53-224.13. Interstate branching through the acquisition of a branch.
- § 53-224.14. Requirement of notice and other conditions.
- § 53-224.15. Conditions for approval.
- § 53-224.16. Powers.
- § 53-224.17. Purpose.
- § 53-224.18. Authority of State banks to establish interstate branches by merger.
- § 53-224.19. Interstate merger transactions and branching permitted.
- § 53-224.20. Notice and filing requirements.
- § 53-224.21. Conditions for interstate merger prior to June 1, 1997.
- § 53-224.22. Powers.
- § 53-224.23. Applicability of supervisory authority.
- § 53-224.24. Examinations; periodic reports; cooperative agreements; assessment of fees.
- § 53-224.25. Enforcement.
- § 53-224.26. Rules.
- § 53-224.27. Additional branches.
- § 53-224.28. Notice of subsequent merger or other change in control.
- § 53-224.29. Branch closings.
- § 53-224.30. Appeal of Commissioner's decision.
- § 53-224.31. Severability.
- § 53-225. Title and scope.
- § 53-226. Definitions.
- § 53-227. Registration of bank holding companies.
- § 53-227.1. Criteria for certain bank holding company acquisitions.
- § 53-228. Cease and desist.
- § 53-229: Repealed by Session Laws 1995, c. 129, s. 31.
- § 53-230. Rules.
- § 53-231. Appeal of Commissioner's decision.
- § 53-232. Fees.
- § 53-232.1. Title and scope.
- § 53-232.2. Definitions.
- § 53-232.3. Authority to establish and operate federal international bank institutions, international bank branches, international bank agencies, and international representative offices.
- § 53-232.4. Application of this Chapter.
- § 53-232.5. Application of the North Carolina Business Corporation Act.
- § 53-232.6. Requirements for carrying on banking business.
- § 53-232.7. Actions against international banking corporations.
- § 53-232.8. Application for license.
- § 53-232.9. Effect, renewal, and revocation of licenses; permissible activities.
- § 53-232.10. Securities, etc., to be held in this State.
- § 53-232.11. Financial certification; restrictions on investments, loans, and acceptances.
- § 53-232.12. Reports.
- § 53-232.13. Dissolution.
- § 53-232.14. International representative offices.
- § 53-232.15. Rules.
- § 53-232.16. Cease and desist.
- § 53-232.17. Appeal of Commissioner's decision.
- § 53-243.01. Definitions.
- § 53-243.02. License required; licensee records.
- § 53-243.03. Review by Banking Commission.
- § 53-243.04. Rule-making authority.
- § 53-243.05. Qualifications for licensure; issuance.
- § 53-243.05A. Licensing for limited loan officers; qualifications, revoked, suspended, or barred.
- § 53-243.06. License renewal; termination.
- § 53-243.07. Continuing education.
- § 53-243.08. Managing principals and branch managers.
- § 53-243.09. Offices; address changes; display of license.
- § 53-243.10. Mortgage broker duties.
- § 53-243.11. Prohibited activities.
- § 53-243.12. Disciplinary authority.
- § 53-243.13. Records; escrow funds or trust accounts.
- § 53-243.14. Criminal penalty.
- § 53-243.15. Filing required for exempt persons; civil penalty.
- § 53-243.16. Criminal history record checks.
- § 53-244. Reserved for future codification purposes.
- § 53-245. Title and scope.
- § 53-246. Definitions.
- § 53-247. Registration requirement.
- § 53-248. Registration procedure; informal hearing.
- § 53-249. Filing and posting of loan fees; disclosures.
- § 53-250. Prohibited activities.
- § 53-251. Cease and desist; revocation of registration; penalties.
- § 53-252. Appeal of Commissioner's decision.
- § 53-253. Rules; enforcement.
- § 53-254. Exemption.
- § 53-255. Title.
- § 53-256. Purpose.
- § 53-257. Definitions.
- § 53-258. Authority and procedures governing reverse mortgage loans.
- § 53-259. Application of rules.
- § 53-260. Interest.
- § 53-261. Taxes, insurance, and assessments.
- § 53-262. Renegotiation of loan; calculation of outstanding balance; prepayment.
- § 53-263. Limits on borrowers' liability.
- § 53-264. Disclosures of loan terms.
- § 53-265. Information required of lender.
- § 53-266. Effects of lender's default.
- § 53-267. Repayment upon borrower's default.
- § 53-268. Time for initiation of foreclosure.
- § 53-269. Counseling provisions.
- § 53-270. Prohibited acts.
- § 53-270.1. Contracts for shared appreciation or shared value.
- § 53-271. Commissioner's authority to enforce; penalties.
- § 53-272. Appeals.
- § 53-273. Reserved for future codification purposes.
- § 53-274. Reserved for future codification purposes.
- § 53-275. Definitions.
- § 53-276. License required.
- § 53-277. Exemptions.
- § 53-278. Application for license; investigation; application fee.
- § 53-279. Liquid assets required; other qualifications; denial of license; hearing.
- § 53-280. Maximum fees for service; fees posted; endorsement of checks cashed.
- § 53-281: Expired.
- § 53-282. Record keeping; receipt requirements.
- § 53-283. Prohibited practices.
- § 53-284. Suspension and revocation of license; grounds; procedure.
- § 53-285. Cease and desist orders.
- § 53-286. Civil penalties and restitution.
- § 53-287. Criminal penalties.
- § 53-288. Commissioner to adopt rules.
- § 53-289. Commission may review rules, orders, or acts by Commissioner.
- §§ 53-290 through 53-294. Reserved for future codification purposes.
- § 53-295. Definitions.
- § 53-296. Continuity of contract.
- § 53-297. Effect of currency substitution on performance.
- § 53-298. References to ECU in contracts.
- § 53-299. Application.
- § 53-300. No application to other currency alteration.
- § 53-301. Definitions.
- § 53-302. Title and purposes.
- § 53-303. Companies authorized to engage in trust business.
- § 53-304. Activities not requiring a charter, license, or approval.
- § 53-305. Trust business of State trust institution.
- § 53-306. Trust business of out-of-state trust institution.
- § 53-307. Trust business of foreign trust institution.
- § 53-308. Name of trust institution.
- § 53-309. Trust deposits of authorized trust institutions.
- § 53-310. Offices of State trust companies.
- § 53-311. State trust company principal office.
- § 53-312. Trust offices; representative trust offices.
- § 53-313. Out-of-state trust offices and representative trust offices.
- § 53-314. Trust business through a branch or trust office.
- § 53-315. Establishing an interstate trust office.
- § 53-316. Acquiring an interstate trust office.
- § 53-317. Requirement of notice.
- § 53-318. Action on notice.
- § 53-319. Additional trust offices; representative trust offices.
- § 53-320. Examinations; periodic reports; cooperative agreements; assessment of fees.
- § 53-321. Enforcement.
- § 53-322. Notice of transactions that cause a change in control.
- § 53-323. Foreign trust institution application for trust office or representative trust office.
- § 53-324. Conditions for approval.
- § 53-325. Additional trust offices and representative trust offices.
- § 53-326. Examinations; periodic reports; cooperative agreements; assessment of fees.
- § 53-327. Enforcement.
- § 53-328. Notice of transactions that cause a change in control.
- § 53-329. International agreements.
- § 53-330. Title and purposes.
- § 53-331. Organization and powers of State trust company.
- § 53-332. Articles of incorporation of State trust company.
- § 53-333. Application for State trust company charter and permission to incorporate State trust company.
- § 53-334. Notice and investigation of charter application.
- § 53-335. Decision on charter application and hearing.
- § 53-336. Issuance of charter.
- § 53-337. Required initial capital.
- § 53-338. Subordinated notes or debentures.
- § 53-339. Application of laws relating to general business corporations.
- § 53-340. Investment in State trust company facilities.
- § 53-341. Other real estate.
- § 53-342. Securities and other investments.
- § 53-343. Prohibited distributions, acquisitions, liens, or pledges.
- § 53-344. Subsidiaries.
- § 53-345. Engaging in commerce prohibited.
- § 53-346. Lending and lease financing; conversion to State bank.
- § 53-347. Acquisition of control.
- § 53-348. Application regarding acquisition of control.
- § 53-349. Decision on acquisition of control.
- § 53-350. Appeal.
- § 53-351. Report of changes in chief executive officer or directors.
- § 53-352. Board of directors.
- § 53-353. Required board meetings.
- § 53-354. Officers.
- § 53-355. Certain criminal offenses.
- § 53-356. Responsibility of directors.
- § 53-357. Record keeping.
- § 53-358. Bonding requirements; reports of apparent crime.
- § 53-359. Merger, share exchange, or asset transfer authority.
- § 53-360. Merger, share exchange, or asset transfer application.
- § 53-361. Notice and investigation of merger, share exchange, or asset transfer; decision, hearing, and appeal.
- § 53-362. Rights of dissenters to mergers, share exchanges, or asset transfers.
- § 53-363. Private trust companies.
- § 53-364. Requirements to apply for and maintain status as a private trust company.
- § 53-365. Conversion to public trust company.
- § 53-366. Applicability of other laws to authorized trust institutions; status of State trust company.
- § 53-367. Commissioner shall have supervision over authorized trust institutions and shall examine.
- § 53-368. Assessment of State trust companies.
- § 53-369. Administrative orders; penalties for violation; increase of equity capital.
- § 53-370. Notice and opportunity for hearing.
- § 53-371. Removal of directors, officers, and employees.
- § 53-372. Required vote of shareholders.
- § 53-373. Corporate procedure.
- § 53-374. Authority to liquidate; publication.
- § 53-375. Examination and reports.
- § 53-376. Unclaimed property.
- § 53-377. When Commissioner may take charge.
- § 53-378. Directors may act.
- § 53-379. Notice of seizure; bar to attachment of liens.
- § 53-380. Notice to trust institutions, corporations, and others holding assets; existing liens.
- § 53-381. Permission to resume business.
- § 53-382. Remedy for seizure; answer to notice; injunction; appeal; and motions.
- § 53-383. Collection of debts and claims; Commissioner succeeds to all property of the State trust company.
- § 53-384. Bond of the Commissioner; surety; condition; minimum penalty.
- § 53-385. Inventory.
- § 53-386. Notice and time for filing claims.
- § 53-387. Power to reject claims; notice; affidavit of service; action on claims.
- § 53-388. List of claims presented, copies, and proviso.
- § 53-389. Declaration of dividends; order of preference in distribution.
- § 53-390. Deposit of funds collected.
- § 53-391. Employment of counsel, accountants, and other experts; compensation.
- § 53-392. Unclaimed dividends held in trust.
- § 53-393. Action by the Commissioner following full settlement.
- § 53-394. Annual report of the Commissioner; items included; reports of condition of State trust companies.
- § 53-395. Compensation of the Commissioner's office.
- § 53-396. Exclusive method of liquidation.
- § 53-397. Disposition of books and records.
- § 53-398. Destruction of books and records.
- § 53-399. Petition for new trustee.
- § 53-400. Report to the Secretary of State.
- § 53-401. Provisions for conservator; duties and powers.
- § 53-402. Examination.
- § 53-403. Termination of conservatorship.
- § 53-404. Rights and liabilities of conservator.
- § 53-405. Naming of conservator not liquidation.
- § 53-406. Sale of assets by board of jeopardized State trust company.
- § 53-407. Authority to act as disbursing agent.
- § 53-408. Payment to creditors.
- § 53-409. Issuance of preferred shares by jeopardized trust company.
- § 53-410. Commissioner to act under authority of the Commission.
- § 53-411. Rules.
- § 53-412. Commissioner hearings; appeals.
- § 53-413. Civil enforcement.
- § 53-414. Cancellation of charter.
- § 53-415. Severability.
- § 53-416. Reserved for future codification purposes.
- § 53-417. Reserved for future codification purposes.
- § 53-418. Reserved for future codification purposes.
- § 53-419. Reserved for future codification purposes.
- § 53-420. Affiliate transfers authorized; procedure.
- § 53-421. Objection to affiliate transfer.
- § 53-422. Effect of affiliate transfer.
- § 53-423. Trust institution as agent.
- § 53-424. Construction.
Disclaimer: These codes may not be the most recent version. North Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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