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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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Part5. Dissolution and Receivership; Conservatorship; Jeopardized State Trust Companies |
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SUBPARTB. Seizure by Commissioner; Involuntary Dissolution and Liquidation. |
§53-395. Compensation of the Commissioner's office
Latest version.
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The office of the Commissioner, for services rendered in connection with the duties described in this Subpart, shall be entitled to actual expenses incurred in connection with the liquidation of each State trust company, including a reasonable sum for the time of the examiners and other agents of the Commissioner. The Commissioner may adopt rules or orders for fixing these expenses.
(2001-263, s. 1.)