![]() |
Laws of North Carolina (Last Updated: May 12, 2015) |
![]() |
Chapter53. Regulation of Financial Services. |
![]() |
Article24. Trust Companies and Interstate Trust Business |
![]() |
Part5. Dissolution and Receivership; Conservatorship; Jeopardized State Trust Companies |
![]() |
SUBPARTB. Seizure by Commissioner; Involuntary Dissolution and Liquidation. |
§53-390. Deposit of funds collected
Latest version.
-
All funds collected by the Commissioner, in liquidating any State trust company, shall be deposited from time to time in a bank as may be selected by the Commissioner and shall be subject to withdrawal by check of the Commissioner.
(2001-263, s. 1.)