2009 North Carolina Code
Chapter 53 - Banks.
§ 53-158.1. Scope of preferred stock provisions.
§ 53‑158.1. Scope of preferred stock provisions.
All provisions of this Article relating to preferred stock apply only to the emergency issuance of preferred stock, pursuant to the provisions of G.S. 53‑154, by a bank in conservatorship. The provisions of this Article do not affect the issuance or treatment of preferred stock, or other shares authorized by Chapter 55 of the General Statutes in accordance with G.S. 53‑10(a) and G.S. 53‑135, provided the issuance of preferred stock or any shares other than common capital stock shall have been approved by the Commissioner of Banks. (2005‑269, s. 19.)
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