N.C. Gen. Stat. § 54B-266
Definitions
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
As used in this Article, unless the context clearly requires otherwise, the following definitions apply:
As used in this Article, unless the context clearly requires otherwise, the following definitions apply:
(1) Repealed by Session Laws 2004-203, s. 35(a), effective August 17, 2004.
(1) Repealed by Session Laws 2004-203, s. 35(a), effective August 17, 2004.
(2) "Association" means a savings and loan association and includes a State association or a federal association unless limited by use of the words "State" or "federal".
(2) “Association” means a savings and loan association and includes a State association or a federal association unless limited by use of the words “State” or “federal”.
(3) "Branch" means a full-service office of an association through which it renders a savings and loan service other than its principal office. An association may engage in any authorized function or service through an authorized branch office.
(3) “Branch” means a full-service office of an association through which it renders a savings and loan service other than its principal office. An association may engage in any authorized function or service through an authorized branch office.
(4) "Commission" means the State Banking Commission.
(4) “Commission” means the State Banking Commission.
(5) "Home state" means (i) as to a state association, the state which granted the association its charter, and (ii) as to a federal association, the state in which the association has its principal office.
(5) “Home state” means (i) as to a state association, the state which granted the association its charter, and (ii) as to a federal association, the state in which the association has its principal office.
(6) "Out-of-state association" means an association chartered by any state other than this State and whose principal office is not within this State.
(6) “Out-of-state association” means an association chartered by any state other than this State and whose principal office is not within this State.
(7) "State association" means an association chartered under the laws of this State.
(7) “State association” means an association chartered under the laws of this State.
(8) "Supervisor" means the state association supervisor or equivalent state official having primary regulatory authority over an out-of-state association.
(8) “Supervisor” means the state association supervisor or equivalent state official having primary regulatory authority over an out-of-state association.
History
(1993, c. 191, s. 2; 2001-193, ss. 16, 17; 2004-203, s. 35(a).)
Effect of Amendments. - Session Laws 2004-203, s. 35(a), effective August 17, 2004, repealed subdivision (1) which related to the definition of the Commissioner of Banks.
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.