53C-7-201. Combination authority.
With the approval of the Commissioner, a bank may combine with one or more depository institutions or non-depository institutions, provided that the bank is the surviving entity in any combination with a non-depository institution. The application for approval shall be in the form required by the Commissioner and shall be accompanied by a fee as set forth by rule. (2012-56, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 53C - Regulation of Banks
Article 7 - Control Transactions; Combinations; Conversions.
§ 53C-7-101 - Control transactions.
§ 53C-7-102 - Application regarding a control transaction.
§ 53C-7-104 - Actions on control transaction applications.
§ 53C-7-201 - Combination authority.
§ 53C-7-202 - Combination application and investigation.
§ 53C-7-203 - Decision on application.
§ 53C-7-206 - Combination with federally chartered institution.
§ 53C-7-207 - Combination with a nonbank subsidiary.