{"data":{"id":"us-nc/n.c.-gen.-stat.-53c-9-101","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 53C-9-101","heading":"Supervisory combinations.","body":"Notwithstanding any other provision of this Chapter, in order to protect the public, including depositors and creditors of a bank, the Commissioner, upon making a finding that a bank is unable to operate in a safe and sound manner and is not reasonably likely to be able to resume safe and sound operations, may authorize or require a combination of the bank, a control transaction, or any other transaction, whether or not the Commissioner has taken supervisory control pursuant to G.S. 53C-8-14. In ordering any such combination, control transaction, or other transaction, the Commissioner may order that a vote of the bank's shareholders shall not be required to effect the combination, control transaction, or other transactions. (2012-56, s. 4.)","path":["Chapter 53C. Regulation of Banks.","Article 9. Supervisory Liquidation; Voluntary Dissolution and Liquidation.","Part 1. General Provisions."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_53C/GS_53C-9-101.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:27Z","sha256":"2b758fc5c9e201a9ccccb3719a9f13c5c19e640fbe16d14d6a90217de47f2d70","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-53c-8-17","next":"us-nc/n.c.-gen.-stat.-53c-9-102"},"notice":"GroundRules: Original legal text. Not legal advice."}