North Carolina § 53-371 Removal of directors, officers, and employees

North Carolina Statutes

§ 53-371 — Removal of directors, officers, and employees

North Carolina·Ch. 53 Regulation of Financial Services·Art. 24 Trust Companies and Interstate Trust Business

The Commissioner may require the immediate removal from office of any officer, director, or employee of any State trust company, who shall be found to be dishonest, incompetent, or reckless in the management of the affairs of the State trust company, or who persistently violates the laws of this State or the rules, orders, and declaratory rulings issued by the Commissioner. (2001-263, s. 1.)
Part 5. Dissolution and Receivership; Conservatorship; Jeopardized State Trust Companies.
Subpart A. Voluntary Dissolution and Liquidation.

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The Commissioner may require the immediate removal from office of any officer, director, or employee of any State trust company, who shall be found to be dishonest, incompetent, or reckless in the management of the affairs of the State trust company, or who persistently violates the laws of this State or the rules, orders, and declaratory rulings issued by the Commissioner. (2001-263, s. 1.)
Part 5. Dissolution and Receivership; Conservatorship; Jeopardized State Trust Companies.
Subpart A. Voluntary Dissolution and Liquidation.

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