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

North Carolina Statutes

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

North Carolina § 53-161

Ch. 53Regulation of Financial Services

Art. 14Trust Institutions Acting in a Fiduciary Capacity

This text of North Carolina § 53-161 (Examination in connection with license as to solvency) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 53-161 (2026).

Text

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§ 53-162: Repealed by Session Laws 2011-339, s. 7, effective October 1, 2011.

Free access — add to your briefcase to read the full text and ask questions with AI

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§ 53-162: Repealed by Session Laws 2011-339, s. 7, effective October 1, 2011.