54C-25. Approval revoked; branch office.
The Commission may, for good cause and after a hearing, order the closing of a branch office. The order shall be made in writing to the savings bank and shall fix a reasonable time after which the savings bank shall close the branch office. (1991, c. 680, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 2 - Incorporation and Organization.
§ 54C-7 - Application of Chapter on business corporations.
§ 54C-8 - Scope and prohibitions; existing charters; injunctions.
§ 54C-9 - Application to organize a savings bank.
§ 54C-10 - Certificate of incorporation.
§ 54C-11 - Commissioner of Banks to consider application.
§ 54C-13 - Commission to review findings and recommendations of Commissioner of Banks.
§ 54C-14 - Grounds for approval or denial of application.
§ 54C-17 - Insurance of accounts required.
§ 54C-19 - Time allowed to commence business.
§ 54C-21 - Amendments to certificate of incorporation.
§ 54C-22 - List of stockholders to be maintained.
§ 54C-24 - Request to change location of a branch or principal office.
§ 54C-25 - Approval revoked; branch office.