§ 53C-9-407 – Registration of final order.
53C-9-407. Registration of final order. The final order of appointment of a new trustee or trustees under this Part shall be certified by the clerk of superior court issuing the order and shall be recorded in the office of the register of deeds in the county or counties in which the instrument under which the […]
§ 53C-9-408 – Petition and order applicable to all instruments involved.
53C-9-408. Petition and order applicable to all instruments involved. The petition and the order appointing a new trustee or trustees under this Part may apply to any number of indentures, deeds of trust, or other instruments, wherein the same trustee or trustees are named. (2012-56, s. 4.)
§ 53C-9-409 – Additional remedy.
53C-9-409. Additional remedy. The appointment of a substitute trustee as described in this Part shall be in addition to and not substitution for any other remedy provided by law. (2012-56, s. 4.)
§ 53C-8-14 – Supervisory control.
53C-8-14. Supervisory control. (a) Whenever the Commissioner determines that a bank has insufficient capital and is conducting its business in an unsafe or unsound manner or in any fashion that threatens the financial integrity of the bank, the Commissioner may serve a notice of charges on the bank, requiring it to show cause why it […]
§ 53C-8-15 – Removal of directors, officers, and employees.
53C-8-15. Removal of directors, officers, and employees. (a) If the Commissioner determines that a director, officer, or employee of a bank has participated in or consented to any violation of this Chapter or an order of the Commissioner, or has engaged in any unsafe or unsound business practice in the operation of the bank, or […]
§ 53C-8-16 – Emergency powers.
53C-8-16. Emergency powers. In the event of a natural disaster or other national, regional, state, or local emergency, the Commissioner may temporarily waive or suspend requirements for compliance by one or more banks with any provisions of this Chapter. (2012-56, s. 4.)
§ 53C-8-17 – Interstate regulatory agreements.
53C-8-17. Interstate regulatory agreements. The Commissioner may enter into cooperative, coordinating, and information sharing agreements with (i) any bank supervisory agency having jurisdiction over an out-of-state bank that operates one or more branches in this State and (ii) any bank supervisory agency of another state in which a bank operates one or more branches with […]
§ 53C-9-101 – Supervisory combinations.
53C-9-101. Supervisory combinations. Notwithstanding any other provision of this Chapter, in order to protect the public, including depositors and creditors of a bank, the Commissioner, upon making a finding that a bank is unable to operate in a safe and sound manner and is not reasonably likely to be able to resume safe and sound […]
§ 53C-9-102 – Distributions; assignments restricted.
53C-9-102. Distributions; assignments restricted. A bank that is in the process of involuntary or voluntary dissolution pursuant to this Article may not make or pay distributions to its shareholders unless the bank has the prior written approval of the Commissioner. No bank shall make any general assignment for the benefit of its creditors except by […]
§ 53C-9-103 – Cancellation of charter.
53C-9-103. Cancellation of charter. Whenever a combination, dissolution, or other transaction occurs by which a bank ceases to exist or ceases to be eligible for a charter, the Commissioner shall by order cancel the bank’s charter and shall publish the order in accordance with G.S. 53-1-4(59). A copy of the order shall be filed by […]