GroundRules
N.C. Gen. Stat. § 53-160: License to do business.
Where this section sits in the code
- Chapter 53. Regulation of Financial Services.
- Article 14. Trust Institutions Acting in a Fiduciary Capacity.
- Part 1. General Provisions.
Before any such trust institution is authorized to act in any fiduciary capacity without bond, it must be licensed by the Commissioner of Banks of the State. For such license the licensee, for the purpose of defraying necessary expenses of the Commissioner of Banks and the Commissioner's agents, shall pay to the Commissioner of Banks an annual license fee of five hundred dollars ($500.00). (1945, c. 743, s. 1; 1967, c. 789, s. 20; 2001-263, s. 3; 2004-171, s. 5; 2011-339, s. 7.)
Collected 2026-08-27T18:05:12Z. Source file · JSON