53C-7-204. Interim banks.
The Commissioner may approve an application to organize an interim bank solely for the purpose of effecting a combination under this Article. No interim bank shall transact any business except as is incidental and necessary to its organization and the combination. The Commissioner may set forth in the order approving the organization such additional conditions with respect to the interim bank as the Commissioner deems necessary. (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.