(a) Except as expressly permitted by this Article or by federal law, no out-of-state bank holding company shall acquire a North Carolina bank holding company or a North Carolina bank.
(b) Repealed by Session Laws 1993, c. 175, s. 11.
N.C. Gen. Stat. § 53-213
Prohibitions
Known as the North Carolina Reciprocal Interstate Banking Act
The act spans §§ 53-209 to 53-218 (10 sections).
1983 (Reg
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.