54C-44. Stock dividends.
No dividend on stock shall be paid unless the savings bank has the prior written approval of the Commissioner of Banks, except as provided in any rules that the Commissioner of Banks may adopt. (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.