53C-4-1. Banks - Form of organization.
(a) A bank shall be formed as, and shall maintain the form of, a corporation formed under the laws of this State.
(b) The provisions contained in Chapter 55 of the General Statutes shall apply to banks, except where provisions of this Chapter provide differently or where the Commissioner determines that any provision of Chapter 55 is inconsistent with the business of banking or the safety and soundness of banks. (2012-56, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 53C - Regulation of Banks
Article 4 - Governance of Banks.
§ 53C-4-1 - Banks - Form of organization.
§ 53C-4-2 - Banks controlled by boards of directors.
§ 53C-4-3 - Committees of boards of directors.
§ 53C-4-4 - Minutes of meetings of directors and committees.
§ 53C-4-5 - Qualifications of bank directors.
§ 53C-4-6 - Liability of directors.
§ 53C-4-7 - Directors may declare distributions.
§ 53C-4-8 - Officers and employees shall give bond.
§ 53C-4-9 - Affiliate transactions.
§ 53C-4-10 - Examination of board composition, structure, and conduct.
§ 53C-4-12 - Compliance review committee.
§ 53C-4-13 - Immediate report of changes in directors and certain officers.