GroundRules
N.C. Gen. Stat. § 53-345: Engaging in commerce prohibited.
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.
Except as otherwise provided by this Part, or by rules, orders, or declaratory rulings of the Commissioner, a State trust company shall not engage in trade or commerce by buying, selling, or otherwise dealing in goods, or by conducting business other than trust business and trust marketing, except as necessary to fulfill a fiduciary obligation to a client. (2001-263, s. 1.)
Collected 2026-08-27T18:05:12Z. Source file · JSON