N.C. Gen. Stat. § 53-306
Trust business of out-of-state trust institution
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
An out-of-state trust institution that establishes or acquires and maintains one or more trust offices or representative trust offices in this State under the provisions of this Part or that maintains one or more branches in this State may, subject to the provisions of this Part, conduct any activity through such a trust office, representative trust office, or branch that a State trust company or a State bank is authorized to conduct through a trust office, representative trust office, or branch under the laws of this State.
An out-of-state trust institution that establishes or acquires and maintains one or more trust offices or representative trust offices in this State under the provisions of this Part or that maintains one or more branches in this State may, subject to the provisions of this Part, conduct any activity through such a trust office, representative trust office, or branch that a State trust company or a State bank is authorized to conduct through a trust office, representative trust office, or branch under the laws of this State.
History
(2001-263, s. 1; 2005-269, s. 4.)
Effect of Amendments. - Session Laws 2005-269, s. 4, effective August 12, 2005, substituted "through" for "at" following "conduct any activity" and "authorized to conduct."
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.