State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-224_29

§53‑224.29.  Branch closings.

An out‑of‑statestate bank that is subject to an order or written agreement revoking itsauthority to establish or maintain a branch in North Carolina and any NorthCarolina State bank that is subject to an order or written agreement revokingits authority to establish or maintain a branch in another state shall wind upthe business of that branch in an orderly manner that protects the depositors,customers, and creditors of the branch and that complies with all North Carolinalaws and all other applicable laws regarding the closing of the branch. (1995,c. 322, s. 2.)