An out-of-state savings bank that establishes a branch in North Carolina may engage in all the activities authorized by North Carolina law for a State savings bank except to the extent that such activities have been expressly prohibited by the state supervisor of the out-of-state savings bank or the laws of the out-of-state savings bank's home state.
N.C. Gen. Stat. § 54C-205
Powers
Known as the North Carolina Savings Bank Interstate Branch Act
The act spans §§ 54C-199 to 54C-212 (14 sections).
1993, c. 191, s. 3.
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.