{"data":{"id":"us-nc/n.c.-gen.-stat.-53c-4-7","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 53C-4-7","heading":"Directors may declare distributions.","body":"Provided a bank does not make distributions that reduce its capital below its applicable required capital, the board of directors of a bank may declare such distributions as it deems proper. (2012-56, s. 4.)","path":["Chapter 53C. Regulation of Banks.","Article 4. Governance of Banks."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_53C/GS_53C-4-7.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:27Z","sha256":"7ed596ab304f24ff63d5d522563e4a6d19a6e1f753aeffaa897fe5747e0397eb","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-53c-4-6","next":"us-nc/n.c.-gen.-stat.-53c-4-8"},"notice":"GroundRules: Original legal text. Not legal advice."}