![]() |
Laws of North Carolina (Last Updated: May 12, 2015) |
![]() |
Chapter53. Regulation of Financial Services. |
![]() |
Article24. Trust Companies and Interstate Trust Business |
![]() |
Part4. Applicable Law; Enforcement Actions |
![]() |
SUBPARTB. Enforcement Orders; Trust Company Management. |
§53-371. Removal of directors, officers, and employees
Latest version.
-
The Commissioner may require the immediate removal from office of any officer, director, or employee of any State trust company, who shall be found to be dishonest, incompetent, or reckless in the management of the affairs of the State trust company, or who persistently violates the laws of this State or the rules, orders, and declaratory rulings issued by the Commissioner.
(2001-263, s. 1.)