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2021 North Carolina General Statutes
Chapter 53 - Regulation of Financial Services
Article 14 - Trust Institutions Acting in a Fiduciary Capacity.
§ 53-163 - Clerk of superior court notified of license and revocation.
Universal Citation: NC Gen Stat § 53-163 (2021)
53-163. Clerk of superior court notified of license and revocation.
The Commissioner of Banks, upon granting license to any trust institution, shall immediately notify the clerk of the superior court of each county in the State that the trust institution has been licensed under this Article, and, whenever the Commissioner of Banks is satisfied that any trust institution licensed by the Commissioner is in a hazardous condition, the Commissioner shall revoke the license granted to that trust institution and notify the clerk of the superior court of each county in the State of the revocation.
(1945, c. 743, s. 1; 2001-263, s. 3; 2011-339, s. 7.)
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