State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-139

§53‑139.  Capital stock.

The amount of capital stockwith which any industrial bank shall commence business shall not be less thanfifty percent (50%) of that which would be required of a commercial bank underthe provisions of G.S. 53‑2. (1923, c. 225, s. 4; C.S., s.225(d); 1967, c. 789, s. 18.)