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2021 North Carolina General Statutes
Chapter 53 - Regulation of Financial Services
Article 24 - Trust Companies and Interstate Trust Business.
§ 53-371 - Removal of directors, officers, and employees.
Universal Citation: NC Gen Stat § 53-371 (2021)
53-371. Removal of directors, officers, and employees.
The Commissioner may require the immediate removal from office of any officer, director, or employee of any State trust company, who shall be found to be dishonest, incompetent, or reckless in the management of the affairs of the State trust company, or who persistently violates the laws of this State or the rules, orders, and declaratory rulings issued by the Commissioner.
(2001-263, s. 1.)
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