54B-45. Interim associations.
(a) Article 2 of this Chapter shall not apply to applications for permission to organize an interim State association so long as the application is approved by the Commissioner of Banks.
(b) Preliminary approval of an application for permission to organize an interim State association shall be conditional upon the Commissioner of Banks' approval of an application to merge the interim association and an existing stock association or on the Commissioner of Banks' approval of any other transaction.
(c) The Commissioner of Banks shall promulgate rules and regulations to govern the formation of interim associations authorized by this section. (1985, c. 659, s. 9(b); 2001-193, s. 16.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 54B - Savings and Loan Associations
Article 3 - Fundamental Changes.
§ 54B-30 - Conversion from State to federal association.
§ 54B-31 - Conversion from federal to State association.
§ 54B-32 - Simultaneous charter and ownership conversion.
§ 54B-33 - Conversion of mutual to stock association.
§ 54B-34 - Conversion of stock associations to mutual associations.
§ 54B-34.1 - Conversion to State association.
§ 54B-34.2 - Conversion to bank.
§ 54B-35 - Merger of like savings and loan associations.
§ 54B-36 - Merger of associations where ownership is converted.
§ 54B-37 - Merger of mutual and stock associations.
§ 54B-37.1 - Simultaneous conversion/merger.
§ 54B-39 - Merger of federal with State associations.
§ 54B-40 - Voluntary dissolution by directors.
§ 54B-41 - Voluntary dissolution by stockholders or members.
§ 54B-42 - Rules, regulations and reports of voluntary dissolution.
§ 54B-45 - Interim associations.