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N.C. Gen. Stat. § 53-161

Examination in connection with license as to solvency

Known as the Uniform Common Trust Fund Act

The act spans §§ 53–53 (14 sections).

The Commissioner of Banks may, at the expense of the trust institution, make or cause to be made an examination of any trust institution, other than a federally chartered trust institution, that applies for or is licensed by the Commissioner of Banks. The Commissioner of Banks may refuse to issue a license to a trust institution that it finds to be in a hazardous condition. (1945, c. 743, s. 1; 2001-263, s. 3; 2011-339, s. 7.)

§ 53-162: Repealed by Session Laws 2011-339, s. 7, effective October 1, 2011.

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.