North Carolina Statutes

§ 53-161 — Examination in connection with license as to solvency

North Carolina·Ch. 53 Regulation of Financial Services·Art. 14 Trust Institutions Acting in a Fiduciary Capacity
The Commissioner of Banks may, at the expense of the trust institution, make or cause to be made an examination of any trust institution, other than a federally chartered trust institution, that applies for or is licensed by the Commissioner of Banks. The Commissioner of Banks may refuse to issue a license to a trust institution that it finds to be in a hazardous condition. (1945, c. 743, s. 1; 2001-263, s. 3; 2011-339, s. 7.) § 53-162: Repealed by Session Laws 2011-339, s. 7, effective October 1, 2011.

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