§ 53C-3-3 – Articles of incorporation of a proposed bank.
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.
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.
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-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. […]
§ 53C-2-1 – The Commission.
53C-2-1. The Commission. (a) The Commission consists of 15 members, including the State Treasurer, who shall serve as an ex officio member; 12 members appointed by the Governor; and two members appointed by the General Assembly under G.S. 120-121, one of whom shall be appointed upon the recommendation of the President Pro Tempore of the […]
§ 53C-2-2 – The Commissioner.
53C-2-2. The Commissioner. (a) Effective April 1, 2011, and quadrennially thereafter, the Governor shall appoint a Commissioner, which appointment shall be subject to confirmation by the General Assembly by joint resolution. The name of the individual appointed to be Commissioner shall be submitted to the General Assembly on or before February 1 of the year […]
§ 53C-2-3 – The Office of the Commissioner of Banks.
53C-2-3. The Office of the Commissioner of Banks. (a) The Commissioner shall be assisted in the performance of the duties of office by (i) one or more deputy commissioners and (ii) examiners, investigators, counsel, and other employees under the supervision of the Commissioner, all of whom, together with the Commissioner, shall comprise the "Office of […]
§ 53C-2-4 – Administration of the Office of the Commissioner of Banks.
53C-2-4. Administration of the Office of the Commissioner of Banks. (a) As authorized in Chapters 54B, 54C, and this Chapter, the OCOB shall be funded by annual or periodic assessments, licensing fees and charges, and reimbursements for examination costs. This list is not exclusive. The OCOB may not levy assessments, fees, or other charges except […]
§ 53C-2-5 – Rule making.
53C-2-5. Rule making. (a) The Commissioner, subject to review and approval by the Commission, may make all necessary rules with respect to the establishment, operation, conduct, and termination of any and all activities and businesses that are subject to licensing, regulation, supervision, or examination by the Commissioner under this Chapter. (b) The rule-making authority conferred […]