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Laws of North Carolina (Last Updated: May 12, 2015) |
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Chapter53. Regulation of Financial Services. |
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Article24. Trust Companies and Interstate Trust Business |
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Part2. Multistate Trust Institutions Act |
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SUBPARTD. Out-of-State Trust Institution Trust Offices and Representative Trust Offices. |
§53-315. Establishing an interstate trust office
Latest version.
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An out-of-state trust institution that obtains approval from the Commissioner in accordance with the provisions of this Subpart may establish and maintain a trust office in this State; provided that the Commissioner shall not grant that approval unless the home state of the out-of-state trust institution permits a State trust institution to establish and maintain a trust office in that home state under restrictions not materially greater than those imposed by this Article.
(2001-263, s. 1.)