State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-232_12

§53‑232.12.  Reports.

(a)        An internationalbanking corporation licensed under this Article shall, at the times and in theform prescribed by the Commissioner, make written reports in the Englishlanguage to the Commissioner, under the oath of one of its officers, managers,or agents transacting business in this State, showing the amount of its assetsand liabilities and containing any other matters required by the Commissioner. If an international banking corporation fails to make a report, as directed bythe Commissioner, or if a report contains a false statement knowingly made,this is grounds for revocation of the license of the international bankingcorporation.

(b)        G.S. 53‑105shall not apply to international banking corporations. (1991,c. 679, s. 1.)