53-224.19. Interstate merger transactions and branching permitted.
One or more North Carolina banks may enter into an interstate merger transaction with one or more out-of-state banks under this Article, and an out-of-state bank resulting from such an interstate merger transaction may maintain and operate the branches in North Carolina of a merged North Carolina bank provided that the conditions and filing requirements of this Article are met. (1995, c. 322, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 53 - Regulation of Financial Services
Article 17B - Interstate Branch Banking.
§ 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.
§ 53-224.18 - 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.
§ 53-224.23 - Applicability of supervisory authority.
§ 53-224.24 - Examinations; periodic reports; cooperative agreements; assessment of fees.
§ 53-224.27 - Additional branches.
§ 53-224.28 - Notice of subsequent merger or other change in control.
§ 53-224.29 - Branch closings.