State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-95

§53‑95.  Commissioner to exercise powers under supervision of BankingCommission.

All the powers, duties, andfunctions granted to or imposed upon the Commissioner of Banks by law shall beexercised by him under the direction and supervision of the Banking Commission,and wherever provision is made in any law now in effect authorizing andpermitting the Commissioner of Banks to make rules and regulations with respectto any actions or things required to be done under the banking laws of thisState, such rules and regulations shall be made by the Banking Commission, andthe words "the Commissioner of Banks," used in such statutesauthorizing him to make rules and regulations, shall be construed to mean theBanking Commission, and the words "Banking Commission" substituted insuch statutes for "Commissioner of Banks." (1931,c. 243, s. 4; 1939, c. 91, s. 2.)