The amount of capital stock with which any industrial bank shall commence business shall not be less than fifty percent (50%) of that which would be required of a commercial bank under the provisions of G.S. 53-2.
N.C. Gen. Stat. § 53-139
Capital stock
1923, c. 225, s. 4; C.S., s. 225(d); 1967, c. 789, s. 18.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.