§ 53-372. Required vote of shareholders. - North-carolina Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-372

Part 5. Dissolution andReceivership; Conservatorship; Jeopardized State Trust Companies.

Subpart A. VoluntaryDissolution and Liquidation.

§ 53‑372. Required voteof shareholders.

With the approval of theCommissioner, a State trust company may go into voluntary liquidation, beclosed, and surrender its charter and franchise as a corporation of this Stateby the affirmative vote of its shareholders owning two‑thirds of itsstock. (2001‑263,s. 1.)

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-372

Part 5. Dissolution andReceivership; Conservatorship; Jeopardized State Trust Companies.

Subpart A. VoluntaryDissolution and Liquidation.

§ 53‑372. Required voteof shareholders.

With the approval of theCommissioner, a State trust company may go into voluntary liquidation, beclosed, and surrender its charter and franchise as a corporation of this Stateby the affirmative vote of its shareholders owning two‑thirds of itsstock. (2001‑263,s. 1.)

State Codes and Statutes

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State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-372

Part 5. Dissolution andReceivership; Conservatorship; Jeopardized State Trust Companies.

Subpart A. VoluntaryDissolution and Liquidation.

§ 53‑372. Required voteof shareholders.

With the approval of theCommissioner, a State trust company may go into voluntary liquidation, beclosed, and surrender its charter and franchise as a corporation of this Stateby the affirmative vote of its shareholders owning two‑thirds of itsstock. (2001‑263,s. 1.)