GroundRules
N.C. Gen. Stat. § 53-224.15: Conditions for approval.
Where this section sits in the code
- Chapter 53. Regulation of Financial Services.
- Article 17B. Interstate Branch Banking.
- Part 2. Interstate De Novo Branching and Acquisition of Branches.
In the case of notice under G.S. 53-224.14 by an out-of-state state bank, the notice shall be subject to approval by the Commissioner, which approval shall be effective only if:
(1) The bank confirms in writing to the Commissioner that as long as it maintains a branch in North Carolina, it will comply with all applicable laws of this State.
(2) The Commissioner, acting within 60 days after receiving notice of an application under G.S. 53-224.14, certifies to the responsible federal bank supervisory agency that the requirements of this Part have been met by the bank. (1995, c. 322, s. 2.)
Collected 2026-08-27T18:05:12Z. Source file · JSON