54C-45. Supervisory mergers, consolidations, conversions, and combination mergers and conversions.
Notwithstanding any other provision of this Chapter, in order to protect the public, including members, depositors, and stockholders of a State savings bank, the Commissioner of Banks, upon making a finding that a State savings bank is unable to operate in a safe and sound manner, may authorize or require a short form merger, consolidation, conversion, or combination merger and conversion of the State savings bank, or any other transaction, as to which the finding is made. (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.