§ 54B-265 – Title.
54B-265. Title. This Article shall be known and may be cited as the North Carolina Savings and Loan Interstate Branch Act. (1993, c. 191, s. 2.)
§ 54B-266 – Definitions.
54B-266. Definitions. As used in this Article, unless the context clearly requires otherwise, the following definitions apply: (1) Repealed by Session Laws 2004-203, s. 35(a), effective August 17, 2004. (2) "Association" means a savings and loan association and includes a State association or a federal association unless limited by use of the words "State" or […]
§ 54B-267 – Establishment of branches by out-of-state associations.
54B-267. Establishment of branches by out-of-state associations. Any out-of-state association that meets the requirements of this Article may establish a branch within North Carolina either by (i) de novo entry; (ii) the purchase of an existing branch; (iii) the purchase of all or substantially all of the assets of a State association located in North […]
§ 54B-268 – Application requirements.
54B-268. Application requirements. (a) Any out-of-state association desiring to establish a branch office under this Article shall file with the Commissioner of Banks a written application meeting the following requirements: (1) The out-of-state association shall agree to comply with all the applicable rules and regulations, and informational filing requirements contained in the laws and rules […]
§ 54B-269 – Conditions for approval.
54B-269. Conditions for approval. No application by an out-of-state association received under this Article may be finally approved by the Commissioner of Banks unless: (1) The Commissioner of Banks has received in writing approval of the proposed transaction from the supervisor of the out-of-state association; (2) The supervisor of the out-of-state association agrees in writing […]
§ 54B-270 – Special conditions.
54B-270. Special conditions. (a) The Commissioner of Banks may require an out-of-state association to designate one of its branches in North Carolina as a "headquarters branch" and may, by rule, require that reports, books, and records required of associations doing business under this Article be available at the designated headquarters branch. (b) Once an out-of-state […]
§ 54B-271 – Powers.
54B-271. Powers. An out-of-state association that establishes a branch in North Carolina may engage in all the activities authorized by North Carolina law for a State association except to the extent that such activities have been expressly prohibited by the state supervisor of the out-of-state association or the laws of the out-of-state association’s home state. […]
§ 54B-248 – Right to enter and to conduct investigations.
54B-248. Right to enter and to conduct investigations. The Secretary of Commerce or any examiner appointed by him shall have access to and may compel the production of all books, papers, securities, moneys, and other property of a mutual deposit guaranty association under examination by him. He may administer oaths to and examine the officers […]
§ 54B-239 – Recordation of articles of incorporation.
54B-239. Recordation of articles of incorporation. Upon receipt of the certification provided for in G.S. 54B-238, the Secretary of State shall record the articles of incorporation of such guaranty association and furnish a certified copy thereof to the incorporators and to the Secretary of Commerce. Upon such recordation, such association shall be deemed a corporation. […]
§ 54B-240 – Proposed amendments submitted to Secretary of Commerce.
54B-240. Proposed amendments submitted to Secretary of Commerce. Any proposed amendments to the articles of incorporation of a mutual deposit guaranty association shall be filed in the office of the Secretary of State, who shall forward a copy thereof to the Secretary of Commerce, and shall not record the amendments until authorized to do so […]