§ 53C-7-202 – Combination application and investigation.
53C-7-202. Combination application and investigation. (a) A bank seeking approval of a combination shall file with the Commissioner an application for approval, copies of the agreement under which the bank proposes to effect the combination, and such additional information as the Commissioner shall require by rule or as is required by the Commissioner in connection […]
§ 53C-7-203 – Decision on application.
53C-7-203. Decision on application. Based on the application and the Commissioner’s examination, the Commissioner shall enter an order approving or denying approval of the proposed combination not later than the 60th day following the date the Commissioner notifies the parties that the application is complete, unless extraordinary circumstances require a longer period of review. (2012-56, […]
§ 53C-7-204 – Interim banks.
53C-7-204. Interim banks. The Commissioner may approve an application to organize an interim bank solely for the purpose of effecting a combination under this Article. No interim bank shall transact any business except as is incidental and necessary to its organization and the combination. The Commissioner may set forth in the order approving the organization […]
§ 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 […]
§ 53C-6-10 – Payment of balance of deceased person or person under disability to personal representative or guardian.
53C-6-10. Payment of balance of deceased person or person under disability to personal representative or guardian. (a) A bank may pay any balance on deposit to the credit of any deceased individual to the duly qualified personal representative, collector, or public administrator of the decedent who is qualified as such under the laws of any […]
§ 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 […]