53-224.21. Conditions for interstate merger prior to June 1, 1997.
An interstate merger transaction prior to June 1, 1997, involving a North Carolina bank shall not be consummated, and any out-of-state bank resulting from such a merger shall not operate any branch in North Carolina, unless the laws of the home state of each out-of-state bank involved in the interstate merger transaction permit North Carolina banks under substantially the same terms and conditions as are set forth in Part 3 to acquire banks and establish and maintain branches in that state by means of interstate merger transactions. (1995, c. 322, s. 2; 1995 (Reg. Sess., 1996), c. 742, s. 22.)
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.