North Carolina Statutes
§ 54C-41 — Voluntary dissolution by directors
A State savings bank may be voluntarily dissolved by a majority vote of the board of directors when substantially all of the assets have been sold for the purpose of terminating the business of the savings bank or as provided in G.S. 55-14-01 and when a certificate of dissolution is recorded in the manner required by this Chapter for the recording of certificates of incorporation.
Free access — add to your briefcase to read the full text and ask questions with AI
North Carolina § 54C-41 (Voluntary dissolution by directors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(1991, c. 680, s. 1.)
Nearby Sections
15
§ 54C-1
Title§ 54C-10
Certificate of incorporation§ 54C-100
Membership of a mutual association§ 54C-101
Directors§ 54C-102
Bylaws§ 54C-104
Conflicts of interest§ 54C-105
Voting rights§ 54C-106
Annual meetings notice required§ 54C-107
Special meetings; notice required§ 54C-108
Quorum§ 54C-109
Bonding§ 54C-12
Criteria to be met before the Commissioner of Banks may recommend approval of an application§ 54C-121
Loans