53C-9-103. Cancellation of charter.
Whenever a combination, dissolution, or other transaction occurs by which a bank ceases to exist or ceases to be eligible for a charter, the Commissioner shall by order cancel the bank's charter and shall publish the order in accordance with G.S. 53-1-4(59). A copy of the order shall be filed by the Commissioner with the Secretary of State. The bank shall continue to exist under Chapter 55 of the General Statutes for the purpose of dissolving and liquidating its business and affairs. (2012-56, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 53C - Regulation of Banks
Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.
§ 53C-9-101 - Supervisory combinations.
§ 53C-9-102 - Distributions; assignments restricted.
§ 53C-9-103 - Cancellation of charter.
§ 53C-9-201 - Voluntary dissolution prior to receipt of charter.
§ 53C-9-202 - Voluntary dissolution.
§ 53C-9-203 - Voluntary dissolution and liquidation procedure.
§ 53C-9-401 - Article relating to receivers applicable to insolvent banks.
§ 53C-9-402 - Storage and destruction of records.
§ 53C-9-403 - Authority to serve as trustee terminated.
§ 53C-9-404 - Petition for new trustee; upon parties interested.
§ 53C-9-405 - Appointment of substitute trustee where no objection made.
§ 53C-9-406 - Hearing where objection made; appeal from order.
§ 53C-9-407 - Registration of final order.
§ 53C-9-408 - Petition and order applicable to all instruments involved.