2015 North Carolina General Statutes
Chapter 53 - Regulation of Financial Services.
Article 14 - Banks Acting in a Fiduciary Capacity.
§ 53-161 - Examination in connection with license as to solvency.
53-161. Examination in connection with license as to solvency.
The Commissioner of Banks may, at the expense of the trust institution, make or cause to be made an examination of any trust institution, other than a federally chartered trust institution, that applies for or is licensed by the Commissioner of Banks. The Commissioner of Banks may refuse to issue a license to a trust institution that it finds to be in a hazardous condition. (1945, c. 743, s. 1; 2001-263, s. 3; 2011-339, s. 7.)
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