{"data":{"id":"us-nc/n.c.-gen.-stat.-53-348","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 53-348","heading":"Application regarding acquisition of control.","body":"(a)\tA person seeking approval to acquire control of a State trust company shall file with the Commissioner:\n(1)\tAn application in the form required by the Commissioner;\n(2)\tAny filing fee required by rule; and\n(3)\tAll information required by rule or that the Commissioner requires in connection with a particular application in order to make an informed decision to approve or reject the proposed acquisition of control.\n(b)\tIf any group of individuals or entities acting in concert seek approval to acquire control, the information the Commissioner may require under the provisions of this Subpart may be required of each member of the group.\n(c)\tNotwithstanding any laws to the contrary, information bearing on the character or information about the personal finances of an existing or proposed shareholder of a State trust company or other individual is confidential and not subject to public disclosure.\n(d)\tIf a person seeking approval to acquire control is not a North Carolina resident, a North Carolina corporation, or an out-of-state corporation qualified to do business in this State, the Commissioner may require the person to appoint a resident agent for service of process. (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_53-348.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:12Z","sha256":"29803ee1c0e77e60a251af650e7e5cc8475c614a22fb149d16a43213fd4f3366","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-53-347","next":"us-nc/n.c.-gen.-stat.-53-349"},"notice":"GroundRules: Original legal text. Not legal advice."}