Laws of North Carolina (Last Updated: May 12, 2015) |
Chapter53. Regulation of Financial Services. |
Article17B. Interstate Branch Banking |
Part4. Supervisory Authority |
§53-224.29. Branch closings
Latest version.
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An out-of-state state bank that is subject to an order or written agreement revoking its authority to establish or maintain a branch in North Carolina and any North Carolina State bank that is subject to an order or written agreement revoking its authority to establish or maintain a branch in another state shall wind up the business of that branch in an orderly manner that protects the depositors, customers, and creditors of the branch and that complies with all North Carolina laws and all other applicable laws regarding the closing of the branch.
(1995, c. 322, s. 2.)