State Codes and 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.)