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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. |
§53-400. Report to the Secretary of State
Latest version.
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The Commissioner shall, on or before the first day of each year, file with the Secretary of State a report showing any State trust companies under liquidation in this State and the names of any auditors or attorneys employed in connection with the liquidation of these State trust companies, together with the amounts paid or contracted to be paid to each of the auditors or attorneys. If any attorney has been employed on a fee contingent upon recovery, the report shall set forth the material terms of the fee arrangements.
=cx=ctC=sph Conservatorship.
(2001-263, s. 1.)