{"data":{"id":"us-nc/n.c.-gen.-stat.-53-328","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 53-328","heading":"Notice of transactions that cause a change in control.","body":"Each foreign trust institution that maintains a trust office or representative trust office in this State, or the home country regulator of the foreign trust institution, shall give at least 30 days' notice (or, in the case of an emergency transaction or the cessation of trust activity in this State by an out-of-state trust institution or foreign trust institution whose only office in this State is a registered office, as much notice as practicable) to the Commissioner, in the form required by the Commissioner, of:\n(1)\tAny merger, consolidation, share exchange, or other transaction that would cause a change of control of a foreign trust institution:\na.\tThat would be subject to Subpart D of Part 3 of this Article if the foreign trust institution were a State trust company; or\nb.\tIs required to be filed with any bank supervisory agency;\n(2)\tAny transfer of all or substantially all of the accounts or account assets of the foreign trust institution to another person; or\n(3)\tThe closing, transfer, or discontinuance of any trust office or representative trust office in this State. (2001-263, s. 1; 2005-269, s. 18.)","path":["Chapter 53. Regulation of Financial Services.","Article 24. Trust Companies and Interstate Trust Business.","Part 2. Multistate Trust Institutions Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_53/GS_53-328.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:12Z","sha256":"39ec7790a017fb98b2790d5d8223747c6016783caee9fbf5ad3dd884da17ea23","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-53-327","next":"us-nc/n.c.-gen.-stat.-53-329"},"notice":"GroundRules: Original legal text. Not legal advice."}