§ 53C-6-20 – Savings promotion raffles.
53C-6-20. Savings promotion raffles. A bank may offer a savings promotion raffle in which the sole consideration required for a chance of winning designated prizes is the deposit of a minimum specified amount of money in a savings account or other savings program offered by the bank. A bank shall maintain records sufficient to facilitate […]
§ 53C-6-11 – Powers of attorney; notice of revocation; payment after notice.
53C-6-11. Powers of attorney; notice of revocation; payment after notice. (a) Any bank may continue to recognize any act of an attorney-in-fact or other agent until the bank receives actual notice of the principal’s death or a written notice of revocation signed by the principal who granted the authority or, in the case of a […]
§ 53C-6-12 – Account statements to be rendered annually or on request.
53C-6-12. Account statements to be rendered annually or on request. (a) Every bank shall render an account statement for each deposit account at least annually to the depositor; provided, however, the statements are not required for time deposits. Every bank shall render a statement of account for each deposit account, including time deposits upon receipt […]
§ 53C-6-13 – Safe deposit boxes; unpaid rentals; procedure; escheats.
53C-6-13. Safe deposit boxes; unpaid rentals; procedure; escheats. (a) If the rental due on a safe deposit box is 90 days or more past due, the lessor bank may send a notice by registered mail or certified mail, return receipt requested, to the last known address of the lessee or by another means agreed to […]
§ 53C-6-14 – Reproduction and retention of records; admissibility of copies in evidence; disposition of originals; record production generally.
53C-6-14. Reproduction and retention of records; admissibility of copies in evidence; disposition of originals; record production generally. (a) Any bank may cause any or all records kept by it to be recorded, copied, or reproduced by any photographic, reproduction, electronic, or digital process or method, or by any other records retention technology approved by rule […]
§ 53C-6-15 – Establishment of branches.
53C-6-15. Establishment of branches. (a) A bank may establish one or more branches in this State, whether de novo or by acquisition of existing branches of another depository institution, with the prior written approval of the Commissioner. The Commissioner’s approval may be given or withheld, in the Commissioner’s discretion, in accordance with the provisions of […]
§ 53C-6-16 – Change of location of a branch or principal office.
53C-6-16. Change of location of a branch or principal office. (a) A bank may change the location of its principal office or a branch with the prior written approval of the Commissioner. A request to relocate the principal office or a branch of a bank shall be made in a form acceptable to the Commissioner […]
§ 53C-6-17 – Branch closings.
53C-6-17. Branch closings. A bank may close a branch upon providing written notice to the Commissioner and the customers of the branch at least 90 days prior to the proposed closing. The notice shall include the date the branch will close and posting, in a conspicuous manner on the branch premises for a period of […]
§ 53C-6-18 – Non-branch bank business offices.
53C-6-18. Non-branch bank business offices. (a) A bank may establish in this State or another state one or more non-branch bank business offices as defined by G.S. 53C-1-4(46), subject to the following requirements: (1) If a proposed non-branch bank business office will be used in connection with a new activity for which an application is […]
§ 53C-6-19 – Operations; suspension.
53C-6-19. Operations; suspension. (a) A bank, any of its branches, and any of its non-branch bank business offices may operate on such days and during such hours, and may observe such holidays, as the bank’s board of directors shall designate. (b) Whenever the Commissioner determines that an emergency exists or is pending in this State […]