Any out-of-state association that meets the requirements of this Article may establish a branch within North Carolina either by (i) de novo entry; (ii) the purchase of an existing branch; (iii) the purchase of all or substantially all of the assets of a State association located in North Carolina; or (iv) merger or consolidation.
N.C. Gen. Stat. § 54B-267
Establishment of branches by out-of-state associations
Known as the North Carolina Savings and Loan Interstate Branch Act
The act spans §§ 54–54 (14 sections).
1993, c. 191, s. 2.
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.