State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-380

§ 53‑380.  Notice totrust institutions, corporations, and others holding assets; existing liens.

Upon taking possession of theassets and business of any State trust company, the Commissioner shallforthwith give notice, by mail or otherwise, of the action to all banks,clearing corporations, brokers, trust institutions, or other persons orcorporations holding, or having in possession, any assets of the State trustcompany. No lien against any assets of the State trust company shall beenforced in any manner other than as provided in this Article after theCommissioner has taken possession of the State trust company. (2001‑263, s. 1.)