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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 §§ 53-158.10 to 53-163.9 (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§ 53-162: Repealed by Session Laws 2011-339, s. 7, effective October 1, 2011.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.