GroundRules
N.C. Gen. Stat. § 53-343: Prohibited distributions, acquisitions, liens, or pledges.
Where this section sits in the code
- Chapter 53. Regulation of Financial Services.
- Article 24. Trust Companies and Interstate Trust Business.
- Part 3. State Trust Company Charter Act.
A State trust company shall not make any distribution to its shareholders, acquire its own shares, acquire a lien upon its own shares, or pledge its own assets while an order of the Commissioner prohibiting such distributions, acquisitions, liens, or pledges is in effect. (2001-263, s. 1.)
Collected 2026-08-27T18:05:12Z. Source file · JSON