State Codes and Statutes

Statutes > North-carolina > Chapter_54B > GS_54B-13

§ 54B‑13.  State BankingCommission to review findings and recommendations of Commissioner of Banks.

(a)        If the Commissionerof Banks does not have the completed application within 120 days of the filingof the preliminary application, the application shall be returned to theapplicants.

(b)        When theCommissioner of Banks has completed his examination and investigation of thefacts relevant to the establishment of the proposed association, he shallpresent his findings and recommendations to the Commission at a public hearing.The State Banking Commission must approve or reject an application within 180days of the submission of the preliminary application.

(c)        Not less than 45days prior to the public hearing held for the consideration of the applicationto establish a savings and loan association, the incorporators shall cause tobe published a notice in a newspaper of general circulation in the area to beserved by the proposed association. Such notice shall contain:

(1)        A statement that theapplication has been filed with the Commissioner of Banks;

(2)        The name of thecommunity where the principal office of the proposed association intends tolocate;

(3)        A statement that apublic hearing shall be held to consider the application; and

(4)        A statement that anyinterested or affected party may file a written statement either favoring orprotesting the creation of the proposed association. Such statement must befiled with the Commissioner of Banks within 30 days of the date of publication.

(d)        The Commission, atthe public hearing, shall consider the findings and recommendation of theCommissioner of Banks and shall hear such oral testimony as he may wish to giveor be called upon to give, and shall also receive information and heartestimony from the incorporators of the proposed association and from any andall other interested or affected parties. The Commission shall hear onlytestimony and receive only information which is relevant to the considerationof the application and the operation of the proposed association. (1981, c. 282, s. 3; 1989, c.76, s. 4; 2001‑193, ss. 16, 17.)

State Codes and Statutes

Statutes > North-carolina > Chapter_54B > GS_54B-13

§ 54B‑13.  State BankingCommission to review findings and recommendations of Commissioner of Banks.

(a)        If the Commissionerof Banks does not have the completed application within 120 days of the filingof the preliminary application, the application shall be returned to theapplicants.

(b)        When theCommissioner of Banks has completed his examination and investigation of thefacts relevant to the establishment of the proposed association, he shallpresent his findings and recommendations to the Commission at a public hearing.The State Banking Commission must approve or reject an application within 180days of the submission of the preliminary application.

(c)        Not less than 45days prior to the public hearing held for the consideration of the applicationto establish a savings and loan association, the incorporators shall cause tobe published a notice in a newspaper of general circulation in the area to beserved by the proposed association. Such notice shall contain:

(1)        A statement that theapplication has been filed with the Commissioner of Banks;

(2)        The name of thecommunity where the principal office of the proposed association intends tolocate;

(3)        A statement that apublic hearing shall be held to consider the application; and

(4)        A statement that anyinterested or affected party may file a written statement either favoring orprotesting the creation of the proposed association. Such statement must befiled with the Commissioner of Banks within 30 days of the date of publication.

(d)        The Commission, atthe public hearing, shall consider the findings and recommendation of theCommissioner of Banks and shall hear such oral testimony as he may wish to giveor be called upon to give, and shall also receive information and heartestimony from the incorporators of the proposed association and from any andall other interested or affected parties. The Commission shall hear onlytestimony and receive only information which is relevant to the considerationof the application and the operation of the proposed association. (1981, c. 282, s. 3; 1989, c.76, s. 4; 2001‑193, ss. 16, 17.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_54B > GS_54B-13

§ 54B‑13.  State BankingCommission to review findings and recommendations of Commissioner of Banks.

(a)        If the Commissionerof Banks does not have the completed application within 120 days of the filingof the preliminary application, the application shall be returned to theapplicants.

(b)        When theCommissioner of Banks has completed his examination and investigation of thefacts relevant to the establishment of the proposed association, he shallpresent his findings and recommendations to the Commission at a public hearing.The State Banking Commission must approve or reject an application within 180days of the submission of the preliminary application.

(c)        Not less than 45days prior to the public hearing held for the consideration of the applicationto establish a savings and loan association, the incorporators shall cause tobe published a notice in a newspaper of general circulation in the area to beserved by the proposed association. Such notice shall contain:

(1)        A statement that theapplication has been filed with the Commissioner of Banks;

(2)        The name of thecommunity where the principal office of the proposed association intends tolocate;

(3)        A statement that apublic hearing shall be held to consider the application; and

(4)        A statement that anyinterested or affected party may file a written statement either favoring orprotesting the creation of the proposed association. Such statement must befiled with the Commissioner of Banks within 30 days of the date of publication.

(d)        The Commission, atthe public hearing, shall consider the findings and recommendation of theCommissioner of Banks and shall hear such oral testimony as he may wish to giveor be called upon to give, and shall also receive information and heartestimony from the incorporators of the proposed association and from any andall other interested or affected parties. The Commission shall hear onlytestimony and receive only information which is relevant to the considerationof the application and the operation of the proposed association. (1981, c. 282, s. 3; 1989, c.76, s. 4; 2001‑193, ss. 16, 17.)