GroundRules
← Search the law
North Carolina · Through S.L. 2026-30

N.C. Gen. Stat. § 54C-103: Duties and liabilities of officers and directors to their associations.

Read at publisher ↗
Where this section sits in the code
  1. Chapter 54C. Savings Banks.
  2. Article 6. Corporate Administration.

Officers and directors of a State savings bank shall act in a fiduciary capacity towards the savings bank and its members or stockholders. They shall discharge duties of their respective positions in good faith, and with that diligence and care which ordinarily prudent persons would exercise under similar circumstances in like positions. (1991, c. 680, s. 1.)

Collected 2026-08-27T18:05:47Z. Source file · JSON

Browse this collection