54C-163. Net worth requirement.
A savings bank shall maintain net worth in an amount that may be established in the rules of the Commissioner of Banks, but the requirement shall not be less than five percent (5%) of the assets of the savings bank. Upon receipt of a duly certified copy of a resolution by the board of directors of any savings bank requesting a temporary suspension, the Commissioner of Banks may suspend the net worth requirement for a period not longer than six months. (1991, c. 680, s. 1; 2001-193, s. 16.)
Structure North Carolina General Statutes
North Carolina General Statutes
§ 54C-161 - Generally accepted accounting principles.
§ 54C-163 - Net worth requirement.
§ 54C-166.1 - Payable on Death (POD) accounts.
§ 54C-167 - Personal agency accounts.
§ 54C-168 - Collection of processing fee for returned checks.
§ 54C-169 - Right of setoff on deposit accounts.
§ 54C-170 - Minors as deposit account holders.
§ 54C-171 - Deposit accounts as deposit of securities.
§ 54C-172 - New account books.
§ 54C-173 - Transfer of deposit accounts.
§ 54C-174 - Authority of power of attorney.
§ 54C-175 - Days and hours of operation.
§ 54C-176 - Power to borrow money.
§ 54C-177 - Authority to join federal reserve bank.
§ 54C-178 - Regional reciprocal acquisitions.