State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-232_6

§53‑232.6.  Requirements for carrying on banking business.

(a)        No internationalbanking corporation, other than a federal international bank institution, shalltransact a banking business or maintain in this State any office for carryingon a banking business or any part of a banking business unless the corporation:

(1)        Is authorized by itsArticles to carry on a banking business and has complied with the laws of thecountry under which it is chartered;

(2)        Has furnished to theCommissioner any proof as to the nature and character of its business and as toits financial condition as the Commissioner may require;

(3)        Has filed with theCommissioner:

a.         A duly executedinstrument in writing, by its terms of indefinite duration and irrevocable,appointing the Commissioner its true and lawful attorney upon whom all processin any action against it may be served with the same force and effect as if itwere a domestic corporation and had been lawfully served with process withinthe State;

b.         A writtencertificate of designation, which may be changed from time to time thereafterby the filing of a new certificate of designation, specifying the name andaddress of the officer, agent, or other person to whom the Commissioner shallforward the process; and

c.         A certified copy ofthat information required to be supplied by foreign corporations to theSecretary of State by Article 15 of Chapter 55 of the General Statutes.

(4)        Has paid to theCommissioner the fee established by regulation to defray the cost ofinvestigation and supervision; and

(5)        Has received alicense duly issued to it by the Commissioner.

(b)        The Commissionershall not issue a license to an international banking corporation unless it ischartered in a foreign country that permits banks chartered in the UnitedStates or any of its states to establish similar facilities in that country. (1991,c. 679. s. 1.)