53C-7-203. Decision on application.
Based on the application and the Commissioner's examination, the Commissioner shall enter an order approving or denying approval of the proposed combination not later than the 60th day following the date the Commissioner notifies the parties that the application is complete, unless extraordinary circumstances require a longer period of review. (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.