{"data":{"id":"us-nc/n.c.-gen.-stat.-53-232.7","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 53-232.7","heading":"Actions against international banking corporations.","body":"(a)\tA resident of this State may maintain an action against an international banking corporation doing business in this State for any cause of action. For purposes of this subsection, the term \"resident of this State\" includes any individual domiciled in this State, or any corporation, partnership, or trust formed under the laws of this State.\n(b)\tAn international banking corporation or a nonresident of this State may maintain an action against an international banking corporation doing business in this State in the following cases only:\n(1)\tWhere the action is brought to recover damages for the breach of a contract made or to be performed within this State or relating to property situated within this State at the time of the making of the contract;\n(2)\tWhere the subject matter of the litigation is situated within this State;\n(3)\tWhere the cause of action arose within this State, except where the object of the action is to affect the title of real property situated outside this State; or\n(4)\tWhere the action is based on a liability for acts done within this State by an international banking corporation or its international bank agency, international bank branch, or international representative office.\n(c)\tThe limitations contained in subsection (b) of this section do not apply to a corporation formed and existing under the laws of the United States and that maintains an office in this State. (1991, c. 679, s. 1.)","path":["Chapter 53. Regulation of Financial Services.","Article 18A. North Carolina International Banking Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_53/GS_53-232.7.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:12Z","sha256":"b9fc1a460d3ec5595e58d0535f90f1b87d58bbe409367bbe1128ab8110d0c433","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-53-232.6","next":"us-nc/n.c.-gen.-stat.-53-232.8"},"notice":"GroundRules: Original legal text. Not legal advice."}