§ 54B-22 – Branch offices.
54B-22. Branch offices. (a) Any State association may apply to the Commissioner of Banks for permission to establish a branch office. The application shall be in such form as may be prescribed by the Commissioner of Banks and shall be accompanied by the proper branch application fee. Branch applications shall be approved or denied by […]
§ 54B-23 – Application to change location of a branch or principal office.
54B-23. Application to change location of a branch or principal office. (a) The board of directors of a State association may change the location of a branch office or the principal office of the association by submitting to the Commissioner of Banks an application for such change on forms prescribed by the Commissioner of Banks. […]
§ 54B-24 – Approval revoked; branch office.
54B-24. Approval revoked; branch office. The Commission may, for good cause and after a hearing, order the closing of a branch office. Such order shall be made in writing to the association and shall fix a reasonable time after which the association shall close the branch office. (1981, c. 282, s. 3.)
§ 54B-25 – Branch offices closed.
54B-25. Branch offices closed. The board of a State association may discontinue the operation of a branch office upon giving at least 90 days’ prior written notice to the Commissioner of Banks and depositors, the notice to include the date upon which the branch office shall be closed. (1981, c. 282, s. 3; 1983, c. […]
§ 54B-14 – Grounds for approval or denial of application.
54B-14. Grounds for approval or denial of application. (a) After consideration of the findings and recommendation of the Commissioner of Banks and his oral testimony, if any, and the consideration of such other information and evidence, either written or oral, as has come before it at the public hearing, the Commission shall approve or disapprove […]
§ 54B-15 – Final decision.
54B-15. Final decision. The Commission shall present the Commissioner of Banks with a final decision which shall be in accordance with the applicable provisions of Chapter 150B of the General Statutes. (1981, c. 282, s. 3; 1987, c. 827, s. 1; 2001-193, s. 16.)
§ 54B-16 – Appeal.
54B-16. Appeal. The final decision of the Commission may be appealed in accordance with Chapter 150B of the General Statutes. (1981, c. 282, s. 3; 1987, c. 827, s. 1.)
§ 54B-17 – Insurance of accounts required.
54B-17. Insurance of accounts required. All State associations must obtain and maintain insurance on all members’ and customers’ withdrawable accounts. Contracts for such insurance may be made only with an insurance corporation created by an act of Congress. Prior to the licensing of an association, a certificate of incorporation duly recorded under the provisions of […]
§ 54B-18 – Time allowed to commence business.
54B-18. Time allowed to commence business. A newly chartered association shall commence business within six months after the date upon which its corporate existence shall have begun. An association which shall not commence business within such time, shall forfeit its corporate existence, unless the Commissioner of Banks, before the expiration of such six-month period, shall […]
§ 54B-19 – Licensing.
54B-19. Licensing. A newly chartered association shall be entitled to a license to operate upon payment to the Division of the appropriate license fee as prescribed by the Commissioner of Banks, when it shows to the satisfaction of the Commissioner of Banks evidence of capable, efficient and equitable management, and when it passes a final […]