GroundRules
N.C. Gen. Stat. § 53C-4-7: Directors may declare distributions.
Where this section sits in the code
- Chapter 53C. Regulation of Banks.
- Article 4. Governance of Banks.
Provided a bank does not make distributions that reduce its capital below its applicable required capital, the board of directors of a bank may declare such distributions as it deems proper. (2012-56, s. 4.)
Collected 2026-08-27T18:05:27Z. Source file · JSON