{"data":{"id":"us-nc/n.c.-gen.-stat.-53-338","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 53-338","heading":"Subordinated notes or debentures.","body":"The amount of any outstanding notes or debentures that are subordinated to creditors or classes of creditors of the State trust company may be treated as equity capital of the State trust company for purposes of determining equity capital adequacy, hazardous condition, or insolvency, and for other purposes, as provided by rules, orders, or declaratory rulings of the Commissioner. (2001-263, s. 1.)","path":["Chapter 53. Regulation of Financial Services.","Article 24. Trust Companies and Interstate Trust Business.","Part 3. State Trust Company Charter Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_53/GS_53-338.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:12Z","sha256":"1629f25e250d51f141227b14d51425cbb9126548e3dfb33eedd10d6df024e5e2","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-53-337","next":"us-nc/n.c.-gen.-stat.-53-339"},"notice":"GroundRules: Original legal text. Not legal advice."}