North Carolina § 53-224.19 Interstate merger transactions and branching permitted

North Carolina Statutes

§ 53-224.19 — Interstate merger transactions and branching permitted

North Carolina § 53-224.19

Ch. 53Regulation of Financial Services

Art. 17BInterstate Branch Banking

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Bluebook

N.C. Gen. Stat. § 53-224.19 (2026).

Text

One or more North Carolina banks may enter into an interstate merger transaction with one or more out-of-state banks under this Article, and an out-of-state bank resulting from such an interstate merger transaction may maintain and operate the branches in North Carolina of a merged North Carolina bank provided that the conditions and filing requirements of this Article are met. (1995, c. 322, s. 2.)

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One or more North Carolina banks may enter into an interstate merger transaction with one or more out-of-state banks under this Article, and an out-of-state bank resulting from such an interstate merger transaction may maintain and operate the branches in North Carolina of a merged North Carolina bank provided that the conditions and filing requirements of this Article are met. (1995, c. 322, s. 2.)