54B-19. Licensing.
A newly chartered association shall be entitled to a license to operate upon payment to the Division of the appropriate license fee as prescribed by the Commissioner of Banks, when it shows to the satisfaction of the Commissioner of Banks evidence of capable, efficient and equitable management, and when it passes a final inspection by the Commissioner of Banks or his representatives preceding the opening of its doors for business. (1981, c. 282, s. 3; 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.