{"data":{"id":"us-nc/n.c.-gen.-stat.-53-208.46","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 53-208.46","heading":"Minimum net worth.","body":"(a)\tAn applicant shall possess and a licensee shall maintain at all times a net worth of not less than two hundred fifty thousand dollars ($250,000) calculated in accordance with generally accepted accounting principles.\n(b)\tThe Commissioner may by order increase the amount of net worth required of an applicant or licensee if the Commissioner determines additional net worth is necessary to ensure safe and sound operation based on consideration of the following factors:\n(1)\tThe nature and volume of the projected or established business.\n(2)\tThe number of locations at or through which money transmission is or will be conducted.\n(3)\tThe amount, nature, quality, and liquidity of assets.\n(4)\tThe amount and nature of liabilities.\n(5)\tThe history of operations and prospects for earning and retaining income.\n(6)\tThe quality of operations and management.\n(7)\tThe nature and quality of controlling persons.\n(8)\tThe history of compliance with applicable State and federal law.\n(9)\tAny other factors the Commissioner deems relevant. (2016-81, s. 1; 2017-102, s. 46.)","path":["Chapter 53. Regulation of Financial Services.","Article 16B. Money Transmitters Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_53/GS_53-208.46.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:12Z","sha256":"135655e8defb02d57de858a2912283056820a1faab10867326420d5bbd9ff1bd","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-53-208.45","next":"us-nc/n.c.-gen.-stat.-53-208.47"},"notice":"GroundRules: Original legal text. Not legal advice."}