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

North Carolina Statutes

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

North Carolina § 53-371

Ch. 53Regulation of Financial Services

Art. 24Trust Companies and Interstate Trust Business

This text of North Carolina § 53-371 (Removal of directors, officers, and employees) 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. § 53-371 (2026).

Text

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.

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

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.