North Carolina Statutes
§ 53-403 — Termination of conservatorship
North Carolina·Ch. 53 Regulation of Financial Services·Art. 24 Trust Companies and Interstate Trust Business
If the Commissioner is satisfied that the conservatorship may be terminated with safety to the clients, creditors, and shareholders of the State trust company, and to the public, the Commissioner may terminate the conservatorship of a State trust company and permit the company to resume the transaction of its business, subject to such terms, conditions, restrictions, and limitations as the Commissioner prescribes. (2001-263, s. 1.)
Free access — add to your briefcase to read the full text and ask questions with AI
North Carolina § 53-403 (Termination of conservatorship) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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
Definitions