2009 North Carolina Code
Chapter 53 - Banks.
§ 53-372. Required vote of shareholders.
Part 5. Dissolution and Receivership; Conservatorship; Jeopardized State Trust Companies.
Subpart A. Voluntary Dissolution and Liquidation.
§ 53‑372. Required vote of shareholders.
With the approval of the Commissioner, a State trust company may go into voluntary liquidation, be closed, and surrender its charter and franchise as a corporation of this State by the affirmative vote of its shareholders owning two‑thirds of its stock. (2001‑263, s. 1.)
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