State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-316

§ 53‑316.  Acquiring aninterstate trust office.

An out‑of‑statetrust institution that obtains approval from the Commissioner in accordancewith the provisions of this Subpart may acquire and maintain a trust office inthis State; provided that the Commissioner shall not grant that approval unlessthe home state of the out‑of‑state trust institution permits aState trust institution to acquire and maintain a trust office in that homestate under restrictions not materially greater than those imposed by thisArticle. (2001‑263,s. 1.)