§ 53-394 – Annual report of the Commissioner; items included; reports of condition of State trust companies.
53-394. Annual report of the Commissioner; items included; reports of condition of State trust companies. (a) The Commissioner shall file, as a part of an annual report to the Governor, a list of the names of any State trust companies of which possession was taken and liquidated in the preceding year, the sum of unclaimed […]
§ 53-395 – Compensation of the Commissioner's office.
53-395. Compensation of the Commissioner’s office. The office of the Commissioner, for services rendered in connection with the duties described in this Subpart, shall be entitled to actual expenses incurred in connection with the liquidation of each State trust company, including a reasonable sum for the time of the examiners and other agents of the […]
§ 53-396 – Exclusive method of liquidation.
53-396. Exclusive method of liquidation. No State trust company shall be liquidated other than as provided in this Part. (2001-263, s. 1.)
§ 53-397 – Disposition of books and records.
53-397. Disposition of books and records. All fiduciary records relating to the administration of particular accounts shall be turned over to the successors in charge of administration of the accounts. All other books, papers, and records of a State trust company that has been finally liquidated shall be deposited by the receiver in the office […]
§ 53-398 – Destruction of books and records.
53-398. Destruction of books and records. (a) After the expiration of five years from the date of filing, in the office of the clerk of the superior court of the county in which the action is pending, of a final order approving the liquidation of a State trust company and the delivery to the clerk […]
§ 53-399 – Petition for new trustee.
53-399. Petition for new trustee. Any person interested in any account, either as trustee, beneficiary, client, or otherwise, may petition the clerk of superior court of the county in which court accountings are filed or, if there is no such county, the county in which the account is being administered, for a new trustee or […]
§ 53-400 – Report to the Secretary of State.
53-400. Report to the Secretary of State. The Commissioner shall, on or before the first day of each year, file with the Secretary of State a report showing any State trust companies under liquidation in this State and the names of any auditors or attorneys employed in connection with the liquidation of these State trust […]
§ 53-401 – Provisions for conservator; duties and powers.
53-401. Provisions for conservator; duties and powers. Whenever the Commissioner deems it necessary in order to conserve the assets of a State trust company for the benefit of clients or creditors, the Commissioner may appoint a conservator for the State trust company and require of the conservator a bond with any surety the Commissioner deems […]
§ 53-386 – Notice and time for filing claims.
53-386. Notice and time for filing claims. Notice shall be given by advertisement once a week for four consecutive weeks in a newspaper published in the county where the principal office of the State trust company is located, or if no newspaper is published in the county, then in some newspaper having a general circulation […]
§ 53-387 – Power to reject claims; notice; affidavit of service; action on claims.
53-387. Power to reject claims; notice; affidavit of service; action on claims. If the Commissioner doubts the validity of any claim, the Commissioner may reject the claim, in whole or in part, and serve notice of the rejection upon the claimant, either personally or by certified mail, and an affidavit of the service of the […]