53C-9-402. Storage and destruction of records.
(a) Any record of a bank that is in or has completed the process of dissolution and liquidation may be kept in compliance with the provisions of G.S. 53C-6-14.
(b) All records of a bank that has completed the process of dissolution and liquidation shall be held in such place as in the Commissioner's judgment will provide for their proper safekeeping and protection.
(c) After the expiration of five years from the date of filing of the certificate of completed liquidation under G.S. 53C-9-301, the records of the liquidated bank may be destroyed by the Commissioner using commercially reasonable record destruction procedures.
(d) Nothing in this section shall be construed to authorize the destruction by the Commissioner of any of the records of the OCOB made by it with reference to the dissolution, receivership, or liquidation of any bank. (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.