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2014 North Carolina General Statutes
Chapter 53 - Regulation of Financial Services.
Article 24 - Trust Companies and Interstate Trust Business.
§ 53-345 - Engaging in commerce prohibited.

NC Gen Stat § 53-345 (2014) What's This?

53-345. Engaging in commerce prohibited.

Except as otherwise provided by this Part, or by rules, orders, or declaratory rulings of the Commissioner, a State trust company shall not engage in trade or commerce by buying, selling, or otherwise dealing in goods, or by conducting business other than trust business and trust marketing, except as necessary to fulfill a fiduciary obligation to a client. (2001-263, s. 1.)


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