54C-43. Reports of voluntary dissolution.
Upon completion of liquidation, the liquidator shall file with the Commissioner of Banks a final report and accounting of the liquidation. The Commissioner of Banks' approval of the report shall operate as a complete and final discharge of the liquidator, the board of directors, and each member or stockholder in connection with the liquidation of the savings bank. Upon approval of the report, the Commissioner of Banks shall issue a certificate of dissolution of the savings bank and shall record same in the manner required by this Chapter for the recording of certificates of incorporation. The dissolution is effective upon the recording of the certificates of incorporation. (1991, c. 680, s. 1; 2001-193, s. 16.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 3 - Corporate Changes.
§ 54C-30 - Conversion to savings bank.
§ 54C-31 - Conversion from State to federal charter.
§ 54C-32 - Simultaneous charter and ownership conversion.
§ 54C-33 - Conversion of mutual to stock savings bank.
§ 54C-34 - Conversion of stock savings bank to mutual savings bank.
§ 54C-35 - Merger of like savings banks.
§ 54C-36 - Simultaneous conversion/merger.
§ 54C-37 - Merger of mutual and stock savings banks.
§ 54C-38 - Simultaneous merger and conversion.
§ 54C-39 - Merger of federal charters with State savings banks.
§ 54C-40 - Merger of savings banks with banks and associations.
§ 54C-41 - Voluntary dissolution by directors.
§ 54C-42 - Voluntary dissolution by stockholders or members.
§ 54C-43 - Reports of voluntary dissolution.