54C-209. Branch closings.
An out-of-state savings bank that is subject to an order or written agreement revoking its authority to establish or maintain a branch in North Carolina and any State savings bank that is subject to an order or written agreement revoking its authority to establish or maintain a branch in another state shall wind up the business of that branch in an orderly manner that protects the depositors, customers, and creditors of the branch, and that complies with all North Carolina laws and all other applicable laws regarding the closing of the branch. (1993, c. 191, s. 3.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 10 - Savings Bank Interstate Branches.
§ 54C-201 - Establishment of branches by out-of-state savings banks.
§ 54C-202 - Application requirements.
§ 54C-203 - Conditions for approval.
§ 54C-204 - Special conditions.
§ 54C-206 - Establishment of out-of-state branches by State savings banks.
§ 54C-207 - Regulatory and supervisory oversight.