GroundRules
N.C. Gen. Stat. § 53-371: Removal of directors, officers, and employees.
Where this section sits in the code
- Chapter 53. Regulation of Financial Services.
- Article 24. Trust Companies and Interstate Trust Business.
- Part 4. Applicable Law; Enforcement Actions.
The Commissioner may require the immediate removal from office of any officer, director, or employee of any State trust company, who shall be found to be dishonest, incompetent, or reckless in the management of the affairs of the State trust company, or who persistently violates the laws of this State or the rules, orders, and declaratory rulings issued by the Commissioner. (2001-263, s. 1.)
Subpart A. Voluntary Dissolution and Liquidation.
Collected 2026-08-27T18:05:12Z. Source file · JSON