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2021 North Carolina General Statutes
Chapter 53 - Regulation of Financial Services
Article 24 - Trust Companies and Interstate Trust Business.
§ 53-380 - Notice to trust institutions, corporations, and others holding assets; existing liens.
Universal Citation: NC Gen Stat § 53-380 (2021)
53-380. Notice to trust institutions, corporations, and others holding assets; existing liens.
Upon taking possession of the assets and business of any State trust company, the Commissioner shall forthwith give notice, by mail or otherwise, of the action to all banks, clearing corporations, brokers, trust institutions, or other persons or corporations holding, or having in possession, any assets of the State trust company. No lien against any assets of the State trust company shall be enforced in any manner other than as provided in this Article after the Commissioner has taken possession of the State trust company.
(2001-263, s. 1.)
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