§ 53C-7-303 – Conversion by North Carolina bank.
53C-7-303. Conversion by North Carolina bank. (a) A bank may convert to another form of depository institution under the laws of this State, of another state, or the United States in accordance with applicable law. (b) Upon the effective date of the conversion, the depository institution shall notify the Commissioner of the effective date and […]
§ 53C-7-205 – Fiduciary powers and liabilities in a combination or a transferring of assets and liabilities.
53C-7-205. Fiduciary powers and liabilities in a combination or a transferring of assets and liabilities. Whenever any depository institution or any trust institution shall combine with or shall sell to and transfer its assets and liabilities to any other depository institution, trust institution, or other company, as provided by the laws of this State or […]
§ 53C-7-206 – Combination with federally chartered institution.
53C-7-206. Combination with federally chartered institution. A combination by a bank with a federally chartered institution in which the federally chartered institution will be the surviving party shall be subject to approval by the chartering authority of the federally chartered institution in accordance with the laws of the United States. (2012-56, s. 4.)
§ 53C-7-207 – Combination with a nonbank subsidiary.
53C-7-207. Combination with a nonbank subsidiary. (a) Except as provided in subsection (c) of this section, a bank proposing to do any of the following combinations shall give prior written notice to the Commissioner that provides the details of the proposed combination that are required by the Commissioner: (1) Combine with a nonbank subsidiary, if […]
§ 53C-7-209 – Appeal.
53C-7-209. Appeal. Any order of the Commissioner denying an application for approval of a combination may be appealed to the Commission by a party to the combination as provided in G.S. 53C-2-6. (2012-56, s. 4.)
§ 53C-7-301 – Conversion to a North Carolina bank charter.
53C-7-301. Conversion to a North Carolina bank charter. (a) Any depository institution that is not a bank may apply to the Commissioner for permission to convert into a bank and for certification of related amendments to its organizational documents necessary to effect the conversion. The application for approval shall be in the form required by […]
§ 53C-7-302 – Appeal.
53C-7-302. Appeal. Any order of the Commissioner denying an application for approval of a conversion to a bank may be appealed to the Commission by the party filing the application as provided in G.S. 53C-2-6. (2012-56, s. 4.)
§ 53C-7-101 – Control transactions.
53C-7-101. Control transactions. (a) Except as otherwise expressly permitted by this section, a person shall not engage in a control transaction, as defined by G.S. 53C-1-4(22), involving a bank without the prior approval of the Commissioner. A person may contract to engage in a control transaction with the consummation of such control transaction being subject […]
§ 53C-7-102 – Application regarding a control transaction.
53C-7-102. Application regarding a control transaction. (a) A person seeking approval of a control transaction involving a bank under this Article shall file the following with the Commissioner: (1) An application in the form prescribed by the Commissioner. (2) All filing fees required by a rule of the Commissioner. (3) Such information as is required […]
§ 53C-7-103 – Public notice.
53C-7-103. Public notice. A person filing an application for approval of a control application shall publish a public notice of the filing of the application not more than 30 days before nor more than 10 days after the filing of the application with the Commissioner. The public notice shall contain the following: (1) A statement […]