State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-162

§ 53‑162.  Certificateof solvency.

After any bank has beenlicensed by the Commissioner of Banks, a certificate issued by the Commissionerof Banks, showing the bank to be solvent to an amount not less than one hundredthousand dollars ($100,000), shall authorize such bank to act in a fiduciarycapacity without bond. There shall be no charge for the seal of thiscertificate. (1945,c. 743, s. 1; 2001‑263, s. 3.)