53-139. Capital stock.
The amount of capital stock with which any industrial bank shall commence business shall not be less than fifty percent (50%) of that which would be required of a commercial bank under the provisions of G.S. 53-2. (1923, c. 225, s. 4; C.S., s. 225(d); 1967, c. 789, s. 18.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 53 - Regulation of Financial Services
Article 11 - Industrial Banks.
§ 53-136 - Industrial bank defined.
§ 53-137 - Manner of organization.
§ 53-140 - Sales of capital stock; accounting; fees.
§ 53-142 - Restriction on powers.
§ 53-143 - Investments; securities; loans; limitations.