54B-11. Commissioner of Banks to consider application.
Upon receipt of an application to organize and establish a savings and loan association, the Commissioner of Banks shall examine or cause to be examined all the relevant facts connected with the formation of the proposed association. If it appears to the Commissioner of Banks that the proposed association has complied with all the requirements set forth in this Chapter and the rules and regulations for the formation of a savings and loan association and is otherwise lawfully entitled to be organized and established as a savings and loan association, the Commissioner of Banks shall present the application to the Commission for its consideration. (1981, c. 282, s. 3; 1983, c. 144, s. 4; 2001-193, s. 16.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 54B - Savings and Loan Associations
Article 2 - Incorporation and Organization.
§ 54B-7 - Application of Chapter on business corporations.
§ 54B-8 - Scope and prohibitions; existing charters; injunctions.
§ 54B-9 - Application to organize a savings and loan association.
§ 54B-10 - Certificate of incorporation.
§ 54B-11 - Commissioner of Banks to consider application.
§ 54B-13 - State Banking Commission to review findings and recommendations of Commissioner of Banks.
§ 54B-14 - Grounds for approval or denial of application.
§ 54B-17 - Insurance of accounts required.
§ 54B-18 - Time allowed to commence business.
§ 54B-20 - Amendments to certificate of incorporation.
§ 54B-21 - List of stockholders to be maintained.
§ 54B-23 - Application to change location of a branch or principal office.