§ 53C-8-13 – Immediate action orders.
53C-8-13. Immediate action orders. (a) In the event that the Commissioner determines that a bank has inadequate capital or insufficient capital or determines that immediate action is necessary to cause a bank to conduct its business in a safe and sound manner or to cause a bank or any of its directors, officers, or employees […]
§ 53C-8-4 – Examination by Commissioner.
53C-8-4. Examination by Commissioner. (a) The Commissioner may examine everything relating to the business of a bank or its holding company, and may appoint examiners to make such examination. The examiners shall file with the Commissioner a full report of the findings resulting from the examination, including any violation of law or any unauthorized or […]
§ 53C-8-5 – Examination of affiliates.
53C-8-5. Examination of affiliates. The Commissioner, at his or her discretion, may examine the affiliates of a bank to the extent it is necessary to safeguard the interest of depositors and creditors of the bank and of the general public, and to enforce the provisions of this Chapter. The Commissioner may conduct the examination in […]
§ 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-7-303 – 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 […]