{"data":{"id":"us-nc/n.c.-gen.-stat.-54c-100","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 54C-100","heading":"Membership of a mutual association.","body":"The membership of a mutual State savings bank shall consist of:\n(1)\tThose who hold deposit accounts in a savings bank, and\n(2)\tThose who borrow funds and those who become obligated on a loan from the savings bank, for as long as the loan remains unpaid and the borrower remains liable to the savings bank for the payment of the loan.\nA person, as a matter of right or in a trust or other fiduciary capacity, or any partnership, association, corporation, political subdivision, or public or governmental unit or entity may become a member of a mutual savings bank. Members shall be possessed of voting rights and any other rights as are provided by a savings bank's certificate of incorporation and bylaws as approved by the Commissioner of Banks. Members are the owners of a mutual savings bank. (1991, c. 680, s. 1; 2001-193, s. 16.)","path":["Chapter 54C. Savings Banks.","Article 6. Corporate Administration."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_54C/GS_54C-100.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:47Z","sha256":"2b0726e901b4bc21551839c9aa28f467645b6153379648f27f3d9c1381f53d27","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-54c-88-through-54c-99","next":"us-nc/n.c.-gen.-stat.-54c-101"},"notice":"GroundRules: Original legal text. Not legal advice."}