§ 53C-6-15 – Establishment of branches.
53C-6-15. Establishment of branches. (a) A bank may establish one or more branches in this State, whether de novo or by acquisition of existing branches of another depository institution, with the prior written approval of the Commissioner. The Commissioner’s approval may be given or withheld, in the Commissioner’s discretion, in accordance with the provisions of […]
§ 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-6-1 – Loans and extensions of credit.
53C-6-1. Loans and extensions of credit. (a) A bank may make a loan or extension of credit secured by the pledge of its own shares or the shares of its holding company, provided: (1) When a bank exercises its security interest in shares of the bank or its holding company, it shall dispose of all […]
§ 53C-6-2 – Deposits.
53C-6-2. Deposits. (a) A bank may, consistent with applicable law and safe and sound banking practices, offer all types of deposit accounts upon such terms and conditions as the bank considers appropriate. (b) A bank shall secure insurance for its deposits from the FDIC. (2012-56, s. 4.)
§ 53C-6-3 – Securing deposits.
53C-6-3. Securing deposits. (a) A bank may not create a lien on its assets or otherwise secure the repayment of a deposit, except as authorized or required by this section, other laws of this State, or federal law. (b) A bank may pledge its assets to secure a deposit of the government of this State […]
§ 53C-6-4 – Minors.
53C-6-4. Minors. (a) A bank may issue and operate a deposit account in the name of a minor or in the name of two or more individuals, one or more of whom are minors, and receive payments, pay withdrawals, accept a pledge of the account, issue automated teller machine (ATM) and debit cards, contract for […]
§ 53C-6-6 – Joint accounts.
53C-6-6. Joint accounts. (a) Any two or more individuals may establish a joint deposit account by written contract. The deposit account shall be held for them as joint tenants. The account also may be held pursuant to G.S. 41-2.1 of the General Statutes and have the incidents set forth in that section. If the account […]
§ 53C-6-7 – Payable on Death accounts.
53C-6-7. Payable on Death accounts. (a) If any individual establishing a deposit account executes a written agreement with the bank containing a statement that it is executed pursuant to the provisions of this section and providing for the account to be held in the name of the individual as owner for one or more beneficiaries, […]
§ 53C-6-8 – Personal agency accounts.
53C-6-8. Personal agency accounts. (a) Any person may establish a personal agency account by written contract containing a statement that it is executed pursuant to the provisions of this section. A personal agency account may be any type of deposit account. The written contract shall name an agent who shall have authority to act on […]