There is a newer version of the North Carolina General Statutes
2015 North Carolina General Statutes
Chapter 53 - Regulation of Financial Services.
Article 11 - Industrial Banks.
§ 53-139 - Capital stock.
NC Gen Stat § 53-139 (2015) What's This?
53-139. Capital stock.
The amount of capital stock with which any industrial bank shall commence business shall not be less than fifty percent (50%) of that which would be required of a commercial bank under the provisions of G.S. 53-2. (1923, c. 225, s. 4; C.S., s. 225(d); 1967, c. 789, s. 18.)
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