§ 53C-1-1 – Title.

53C-1-1. Title. This Chapter shall be known and may be cited as Regulation of Banks and Other Financial Services. (2012-56, s. 4.)

§ 53C-1-2 – Scope and applicability of Chapter.

53C-1-2. Scope and applicability of Chapter. (a) Unless the context specifies otherwise, this Chapter shall apply to the following: (1) All existing banks organized or created under the laws of this State. (2) All banks created under the provisions of Article 3 of this Chapter. (3) All persons who subject themselves to the provisions of […]

§ 53C-1-3 – Existing banks; prohibitions, injunctions.

53C-1-3. Existing banks; prohibitions, injunctions. (a) No depository institution organized or created under the laws of this State may operate as a bank except in accordance with this Chapter. Banks established prior to October 1, 2012, may continue operation under their existing organizational documents but shall be subject to all other requirements of this Chapter. […]

§ 53C-1-4 – Definitions and application of terms.

53C-1-4. Definitions and application of terms. Unless the context requires otherwise, the following definitions apply in this Chapter: (1) Acquire. – To obtain the right or power to vote or to direct the voting of voting securities of a bank or holding company as follows: a. Through a purchase of or share exchange for shares. […]

§ 53C-1-5 – Severability.

53C-1-5. Severability. If any provision of this Chapter is found by any court of competent jurisdiction to be invalid as to any person or circumstance, or to be preempted by federal law, the remaining provisions of this Chapter shall not be affected and shall continue to apply to any other person or circumstance. (2012-56, s. […]