North Carolina General Statutes — Chapter 53
335 sections. Sourced from ncleg.gov; each section links to its full text with case-law cross-references.
- § 53-1.1 Banking definitions applicable to this Chapter
- § 53-53 Repealed by Session Laws 1981, c. 599, s. 18, effective October 1, 1981
- § 53-66 Repealed by Session Laws 1983, c. 214, s. 7, effective April 22, 1983
- § 53-69 Repealed by Session Laws 1945, c. 635
- § 53-72 Repealed by Session Laws 1971, c. 244, s. 3
- § 53-74 Repealed by Session Laws 1971, c. 244, s. 3
- § 53-77.2 Repealed by Session Laws 1971, c. 319, s. 2
- § 53-97 Repealed by Session Laws 1983, c. 328, s. 4, effective June 1, 1983
- § 53-136 Industrial bank defined
- § 53-137 Manner of organization
- § 53-138 Corporate title
- § 53-139 Capital stock
- § 53-140 Sales of capital stock; accounting; fees
- § 53-141 Powers
- § 53-142 Restriction on powers
- § 53-143 Investments; securities; loans; limitations
- § 53-144 Supervision and examination
- § 53-158.10 Definitions
- § 53-159 Trust institution may act as fiduciary
- § 53-159.1 Power of fiduciary or custodian to deposit securities in a clearing corporation
- § 53-160 License to do business
- § 53-161 Examination in connection with license as to solvency
- § 53-163 Clerk of superior court notified of license and revocation
- § 53-163.1 Funds held by a trust institution awaiting investment or distribution
- § 53-163.2 Investments in securities by trust institutions
- § 53-163.3 Fiduciary funds awaiting investment
- § 53-163.5 Establishment of common trust funds
- § 53-163.6 Court accountings
- § 53-163.7 Supervision by State Banking Commission
- § 53-163.8 Uniformity of interpretation
- § 53-163.9 Short title
- § 53-164 Title
- § 53-165 Definitions
- § 53-166 Scope of Article; evasions; penalties; loans in violation of Article void
- § 53-167 Expenses of supervision
- § 53-168 License required; showing of convenience, advantage, and financial responsibility; investigation of applicants; hearings; existing businesses; contents of license; transfer; posting
- § 53-169 Application for license
- § 53-170 Locations; change of ownership or management
- § 53-171 Revocation, suspension, or surrender of license
- § 53-172 Conduct of other business in same office
- § 53-173 Computation of interest; application of payments; limitation on interest after judgment; limitation on interest after maturity of the loan
- § 53-173.2 Repealed by Session Laws 1975, c. 110, s. 2
- § 53-175 Fee for returned checks
- § 53-176 Rates, maturities, and amounts
- § 53-177 Fees
- § 53-177.1 Electronic transaction fees
- § 53-178 No further charges; no splitting contracts; certain contracts void
- § 53-180 Limitations and prohibitions on practices and agreements
- § 53-180.1 Military service members limitation
- § 53-181 Statements and information to be furnished to borrowers; power of attorney or confession of judgment prohibited
- § 53-182 Payment of loans; receipts
- § 53-183 Advertising, broadcasting, etc., false or misleading statements
- § 53-184 Securing of information; records and reports; allocations of expense
- § 53-185 Rules and regulations by Banking Commission and Commissioner
- § 53-186 Commissioner to issue subpoenas, conduct hearings, give publicity to investigations, etc
- § 53-187 Injunctive powers; receivers
- § 53-188 Review of regulations, order or act of Commission or Commissioner
- § 53-190 Loans made elsewhere
- § 53-191 Businesses exempted
- § 53-208.41 Title
- § 53-208.42 Definitions
- § 53-208.43 License requirement
- § 53-208.44 Exemptions
- § 53-208.45 License application
- § 53-208.46 Minimum net worth
- § 53-208.47 Surety bond
- § 53-208.48 Permissible investments and statutory trust
- § 53-208.49 Application fees and annual assessment
- § 53-208.50 Issuance of license
- § 53-208.51 Prohibited practices
- § 53-208.52 Maintenance of records
- § 53-208.53 Reporting
- § 53-208.54 Notice of Material Event
- § 53-208.55 Examination and investigation authority
- § 53-208.56 Licensure authority
- § 53-208.57 Disciplinary authority
- § 53-208.58 Criminal penalties
- § 53-208.59 Confidentiality
- § 53-208.60 Rules
- § 53-208.61 Service of process
- § 53-208.62 Commissioner's participation in nationwide registry
- § 53-208.63 Severability
- § 53-208.64 Transition
- § 53-209 Title
- § 53-210 Definitions
- § 53-211 Acquisitions by out-of-state bank holding companies
- § 53-212.1 Bank agent for deposit institution affiliate
- § 53-213 Prohibitions
- § 53-214 Applicable laws, rules and regulations
- § 53-215 Appeal of Commissioner's decision
- § 53-216 Periodic reports; interstate agreements
- § 53-217 Enforcement
- § 53-224.9 Definitions
- § 53-224.10 Purpose
- § 53-224.11 Interstate branching by North Carolina State banks
- § 53-224.12 Interstate branching by de novo entry
- § 53-224.13 Interstate branching through the acquisition of a branch
- § 53-224.14 Requirement of notice and other conditions
- § 53-224.15 Conditions for approval
- § 53-224.16 Powers
- § 53-224.17 Purpose
- § 53-224.18 Authority of State banks to establish interstate branches by merger
- § 53-224.19 Interstate merger transactions and branching permitted
- § 53-224.20 Notice and filing requirements
- § 53-224.21 Conditions for interstate merger prior to June 1, 1997
- § 53-224.22 Powers
- § 53-224.23 Applicability of supervisory authority
- § 53-224.24 Examinations; periodic reports; cooperative agreements; assessment of fees
- § 53-224.25 Enforcement
- § 53-224.26 Rules
- § 53-224.27 Additional branches
- § 53-224.28 Notice of subsequent merger or other change in control
- § 53-224.29 Branch closings
- § 53-224.30 Appeal of Commissioner's decision
- § 53-232.1 Title and scope
- § 53-232.2 Definitions
- § 53-232.3 Authority to establish and operate federal international bank institutions, international bank branches, international bank agencies, and international representative offices
- § 53-232.4 Application of this Chapter
- § 53-232.5 Application of the North Carolina Business Corporation Act
- § 53-232.6 Requirements for carrying on banking business
- § 53-232.7 Actions against international banking corporations
- § 53-232.8 Application for license
- § 53-232.9 Effect, renewal, and revocation of licenses; permissible activities
- § 53-232.10 Securities, etc., to be held in this State
- § 53-232.11 Financial certification; restrictions on investments, loans, and acceptances
- § 53-232.12 Reports
- § 53-232.13 Dissolution
- § 53-232.14 International representative offices
- § 53-232.15 Rules
- § 53-232.17 Appeal of Commissioner's decision
- § 53-244 Reserved for future codification purposes
- § 53-244.010 Title
- § 53-244.020 Purpose and construction
- § 53-244.030 Definitions
- § 53-244.040 License and registration requirements
- § 53-244.050 License and registration application; claim of exemption
- § 53-244.060 Issuance of license or registration
- § 53-244.070 Educational requirements for mortgage loan originators
- § 53-244.080 Testing requirements for mortgage loan originators
- § 53-244.090 Application fees
- § 53-244.100 Active license or registration requirements and assignability
- § 53-244.100A Assessments
- § 53-244.101 License and registration renewal
- § 53-244.102 Continuing education for mortgage loan originators
- § 53-244.103 Surety bond requirements
- § 53-244.104 Minimum net worth requirements
- § 53-244.105 Records, addresses, escrow funds, or trust accounts
- § 53-244.107 Unique identifier shown
- § 53-244.108 Reports
- § 53-244.109 Mortgage broker and mortgage lender duties
- § 53-244.110 Licensee duties
- § 53-244.111 Prohibited acts
- § 53-244.112 Criminal penalties for unlicensed activity
- § 53-244.113 Regulatory authority
- § 53-244.114 Licensure and registration authority
- § 53-244.115 Investigation and examination authority
- § 53-244.116 Disciplinary authority
- § 53-244.118 Rulemaking authority; records
- § 53-244.119 Commissioner's participation in nationwide registry
- § 53-244.120 Confidentiality of information
- § 53-244.121 Review by Banking Commission
- § 53-244.122 Emergency powers
- § 53-244.141 Definitions
- § 53-244.142 Applicability and exclusions
- § 53-244.143 Financial condition
- § 53-244.144 Corporate governance
- § 53-245 Title and scope
- § 53-246 Definitions
- § 53-247 Registration requirement
- § 53-248 Registration procedure; informal hearing
- § 53-249 Filing and posting of loan fees; disclosures
- § 53-250 Prohibited activities
- § 53-251 Cease and desist; revocation of registration; penalties
- § 53-252 Appeal of Commissioner's decision
- § 53-253 Rules; enforcement
- § 53-255 Title
- § 53-256 Purpose
- § 53-257 Definitions
- § 53-258 Authority and procedures governing reverse mortgage loans
- § 53-259 Application of rules
- § 53-260 Interest
- § 53-261 Taxes, insurance, and assessments
- § 53-262 Renegotiation of loan; calculation of outstanding balance; prepayment
- § 53-263 Limits on borrowers' liability
- § 53-264 Disclosures of loan terms
- § 53-265 Information required of lender
- § 53-266 Effects of lender's default
- § 53-267 Repayment upon borrower's default
- § 53-268 Time for initiation of foreclosure
- § 53-269 Counseling provisions
- § 53-270 Prohibited acts
- § 53-270.1 Contracts for shared appreciation or shared value
- § 53-272 Appeals
- § 53-274 Reserved for future codification purposes
- § 53-275 Definitions
- § 53-276 License required
- § 53-277 Exemptions
- § 53-278 Application for license; investigation; application fee
- § 53-279 Liquid assets required; other qualifications; denial of license; hearing
- § 53-280 Maximum fees for service; fees posted; endorsement of checks cashed
- § 53-282 Record keeping; receipt requirements
- § 53-283 Prohibited practices
- § 53-284 Suspension and revocation of license; grounds; procedure
- § 53-285 Cease and desist orders
- § 53-286 Civil penalties and restitution
- § 53-287 Criminal penalties
- § 53-289 Commission may review rules, orders, or acts by Commissioner
- § 53-295 Definitions
- § 53-296 Continuity of contract
- § 53-297 Effect of currency substitution on performance
- § 53-298 References to ECU in contracts
- § 53-300 No application to other currency alteration
- § 53-301 Definitions
- § 53-302 Title and purposes
- § 53-303 Companies authorized to engage in trust business
- § 53-304 Activities not requiring a charter, license, or approval
- § 53-305 Trust business of State trust institution
- § 53-306 Trust business of out-of-state trust institution
- § 53-307 Trust business of foreign trust institution
- § 53-308 Name of trust institution
- § 53-309 Trust deposits of authorized trust institutions
- § 53-310 Offices of State trust companies
- § 53-311 State trust company principal office
- § 53-312 Trust offices; representative trust offices
- § 53-313 Out-of-state trust offices and representative trust offices
- § 53-314 Trust business through a branch or trust office
- § 53-315 Establishing an interstate trust office
- § 53-316 Acquiring an interstate trust office
- § 53-317 Requirement of notice
- § 53-318 Action on notice
- § 53-319 Additional trust offices; representative trust offices
- § 53-320 Examinations; periodic reports; cooperative agreements; assessment of fees
- § 53-321 Enforcement
- § 53-322 Notice of transactions that cause a change in control
- § 53-323 Foreign trust institution application for trust office or representative trust office
- § 53-324 Conditions for approval
- § 53-325 Additional trust offices and representative trust offices
- § 53-326 Examinations; periodic reports; cooperative agreements; assessment of fees
- § 53-327 Enforcement
- § 53-328 Notice of transactions that cause a change in control
- § 53-329 International agreements
- § 53-330 Title and purposes
- § 53-331 Organization and powers of State trust company
- § 53-332 Articles of incorporation of State trust company
- § 53-333 Application for State trust company charter and permission to incorporate State trust company
- § 53-334 Notice and investigation of charter application
- § 53-335 Decision on charter application and hearing
- § 53-336 Issuance of charter
- § 53-337 Required initial capital
- § 53-338 Subordinated notes or debentures
- § 53-339 Application of laws relating to general business corporations
- § 53-340 Investment in State trust company facilities
- § 53-341 Other real estate
- § 53-342 Securities and other investments
- § 53-343 Prohibited distributions, acquisitions, liens, or pledges
- § 53-344 Subsidiaries
- § 53-345 Engaging in commerce prohibited
- § 53-346 Lending and lease financing; conversion to State bank
- § 53-347 Acquisition of control
- § 53-348 Application regarding acquisition of control
- § 53-349 Decision on acquisition of control
- § 53-350 Appeal
- § 53-351 Report of changes in chief executive officer or directors
- § 53-352 Board of directors
- § 53-353 Required board meetings
- § 53-354 Officers
- § 53-355 Certain criminal offenses
- § 53-356 Responsibility of directors
- § 53-357 Record keeping
- § 53-358 Bonding requirements; reports of apparent crime
- § 53-359 Merger, share exchange, or asset transfer authority
- § 53-360 Merger, share exchange, or asset transfer application
- § 53-361 Notice and investigation of merger, share exchange, or asset transfer; decision, hearing, and appeal
- § 53-362 Appraisal rights of shareholders in mergers, share exchanges, or asset transfers
- § 53-363 Private trust companies
- § 53-364 Requirements to apply for and maintain status as a private trust company
- § 53-365 Conversion to public trust company
- § 53-366 Applicability of other laws to authorized trust institutions; status of State trust company
- § 53-367 Commissioner shall have supervision over authorized trust institutions and shall examine
- § 53-368 Assessment of State trust companies
- § 53-369 Administrative orders; penalties for violation; increase of equity capital
- § 53-370 Notice and opportunity for hearing
- § 53-371 Removal of directors, officers, and employees
- § 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
- § 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
- § 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
- § 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
- § 53-410 Commissioner to act under authority of the Commission
- § 53-411 Rules
- § 53-412 Commissioner hearings; appeals
- § 53-413 Civil enforcement
- § 53-414 Cancellation of charter
- § 53-415 Severability
- § 53-419 Reserved for future codification purposes
- § 53-420 Affiliate transfers authorized; procedure
- § 53-421 Objection to affiliate transfer
- § 53-422 Effect of affiliate transfer
- § 53-423 Trust institution as agent
- § 53-424 Construction
- § 53-425 Definitions
- § 53-426 Waiver of equity of redemption