North Carolina Statutes
§ 53-343 — Prohibited distributions, acquisitions, liens, or pledges
North Carolina § 53-343
JurisdictionNorth Carolina
Ch. 53Regulation of Financial Services
Art. 24Trust Companies and Interstate Trust Business
This text of North Carolina § 53-343 (Prohibited distributions, acquisitions, liens, or pledges) 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. § 53-343 (2026).
Text
A State trust company shall not make any distribution to its shareholders, acquire its own shares, acquire a lien upon its own shares, or pledge its own assets while an order of the Commissioner prohibiting such distributions, acquisitions, liens, or pledges is in effect. (2001-263, s. 1.)
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
§ 53-136
Industrial bank defined§ 53-137
Manner of organization§ 53-138
Corporate title§ 53-139
Capital stock§ 53-141
Powers§ 53-142
Restriction on powers§ 53-144
Supervision and examination§ 53-158.10
DefinitionsCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 53-343, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/53/53-343.