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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 |
| SUBPART A. Voluntary Dissolution and Liquidation. |
| § 53-372. Required vote of shareholders |
| § 53-373. Corporate procedure |
| § 53-374. Authority to liquidate; publication |
| § 53-375. Examination and reports |
| § 53-376. Unclaimed property |
| SUBPART B. Seizure by Commissioner; Involuntary Dissolution and Liquidation. |
| § 53-377. When Commissioner may take charge |
| § 53-378. Directors may act |
| § 53-379. Notice of seizure; bar to attachment of liens |
| § 53-380. Notice to trust institutions, corporations, and others holding assets; existing liens |
| § 53-381. Permission to resume business |
| § 53-382. Remedy for seizure; answer to notice; injunction; appeal; and motions |
| § 53-383. Collection of debts and claims; Commissioner succeeds to all property of the State trust company |
| § 53-384. Bond of the Commissioner; surety; condition; minimum penalty |
| § 53-385. Inventory |
| § 53-386. Notice and time for filing claims |
| § 53-387. Power to reject claims; notice; affidavit of service; action on claims |
| § 53-388. List of claims presented, copies, and proviso |
| § 53-389. Declaration of dividends; order of preference in distribution |
| § 53-390. Deposit of funds collected |
| § 53-391. Employment of counsel, accountants, and other experts; compensation |
| § 53-392. Unclaimed dividends held in trust |
| § 53-393. Action by the Commissioner following full settlement |
| § 53-394. Annual report of the Commissioner; items included; reports of condition of State trust companies |
| § 53-395. Compensation of the Commissioner's office |
| § 53-396. Exclusive method of liquidation |
| § 53-397. Disposition of books and records |
| § 53-398. Destruction of books and records |
| § 53-399. Petition for new trustee |
| § 53-400. Report to the Secretary of State |
| SUBPART C. Conservatorship. |
| § 53-401. Provisions for conservator; duties and powers |
| § 53-402. Examination |
| § 53-403. Termination of conservatorship |
| § 53-404. Rights and liabilities of conservator |
| § 53-405. Naming of conservator not liquidation |
| SUBPART D. Sale of Assets; Issuance of Preferred Stock by Jeopardized State Trust Company. |
| § 53-406. Sale of assets by board of jeopardized State trust company |
| § 53-407. Authority to act as disbursing agent |
| § 53-408. Payment to creditors |
| § 53-409. Issuance of preferred shares by jeopardized trust company |