53C-3-1. Application to organize a bank. (a) An applicant for permission to organize a bank and for a charter must file an application with the Commissioner. The application shall be in the form required by the Commissioner and shall contain such information as the Commissioner requires, set forth in sufficient detail to enable the Commissioner […]
53C-3-2. Permission to organize a bank. (a) With the approval of the Commissioner, the organizers may file articles of incorporation for the proposed bank with the Secretary of State. The Commissioner shall authorize the organization of the proposed bank if the Commissioner is satisfied that each of the following conditions is met: (1) The application […]
53C-3-3. Articles of incorporation of a proposed bank. (a) The articles of incorporation of a proposed bank shall be signed and acknowledged by or on behalf of an organizer and shall contain the following: (1) The information required to be set forth in articles of incorporation under Chapter 55 of the General Statutes. (2) Any […]
53C-3-4. Commissioner’s approval of charter issuance. (a) The Commissioner may approve a charter for a proposed bank only when the Commissioner has determined that all the following requirements have been satisfied or are reasonably probable to be satisfied within a reasonable period of time specified by the Commissioner in the order of approval: (1) The […]
53C-3-5. Notice; public hearing. (a) Not less than 30 days before the public hearing of the Commission to review the Commissioner’s approval of an application, the applicant shall cause to be published a public notice containing the following: (1) A statement that the application has been filed with the Commissioner. (2) The name of the […]
53C-3-6. Commission decision. (a) The Commission shall consider the findings and order of the Commissioner, oral testimony, and any other information and evidence, either written or oral, that comes before it at the public hearing to review the Commissioner’s approval of an application for a charter. The Commission may adjourn and reconvene the public hearing […]
53C-3-7. Issuance of charter. (a) A proposed bank shall not engage in business except as allowed under G.S. 53C-3-2(c)(1), until it receives a charter issued by the Commissioner. The Commissioner shall not issue the charter until the Commissioner is satisfied that the proposed bank has done each of the following: (1) Received payment in United […]
