2010 North Carolina Code
Chapter 53 Banks.
Article 3 - Dissolution and Liquidation.
53-21. Sale of stocks of defunct banks validated.
53‑21. Sale of stocks of defunct banks validated.
All private sales of stocks in resident corporations, joint stock companies and limited partnerships, made prior to March 20, 1935, by the Commissioner of Banks or a duly appointed agent in the course of the liquidation of a defunct bank, where such sale was made by and with the approval of a liquidation board duly selected by the creditors and stockholders of such bank and upon authority of an order of the presiding or resident judge of the district in which the principal office of such bank was located, are hereby in all respects validated, ratified and confirmed. (1935, c. 113.)
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