N.C. Gen. Stat. § 53-307
Trust business of foreign trust institution
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
A foreign trust institution that establishes or acquires and maintains one or more trust offices in this State under the provisions of this Part may, subject to the provisions of this Part, also establish or acquire one or more representative trust offices and conduct any activity through the trust offices or representative trust offices that a State trust company is authorized to conduct through trust offices or representative trust offices under the laws of this State.
A foreign trust institution that establishes or acquires and maintains one or more trust offices in this State under the provisions of this Part may, subject to the provisions of this Part, also establish or acquire one or more representative trust offices and conduct any activity through the trust offices or representative trust offices that a State trust company is authorized to conduct through trust offices or representative trust offices under the laws of this State.
History
(2001-263, s. 1; 2005-269, s. 5.)
Effect of Amendments. - Session Laws 2005-269, s. 5, 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.