State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-224_16

§53‑224.16.  Powers.

(a)        An out‑of‑statestate bank which establishes and maintains one or more branches in NorthCarolina under this Article may conduct any activities at such branch orbranches that are authorized under the laws of this State for North CarolinaState banks, except to the extent such activities may be prohibited by otherlaws, regulations, or orders applicable to the out‑of‑state statebank.

(b)        A North CarolinaState bank may conduct any activities at a branch outside of North Carolina thatare permissible for a bank chartered by the host state where the branch islocated, except to the extent such activities are expressly prohibited by thelaws of this State or by any regulation or order of the Commissioner applicableto the North Carolina State bank. (1995, c. 322, s. 2.)