N.C. Gen. Stat. § 53-343

Current through Session Law 2024-56

Section 53-343 - Prohibited distributions, acquisitions, liens, or pledges

A State trust company shall not make any distribution to its shareholders, acquire its own shares, acquire a lien upon its own shares, or pledge its own assets while an order of the Commissioner prohibiting such distributions, acquisitions, liens, or pledges is in effect.

N.C. Gen. Stat. § 53-343

Added by 2001-263, s. 1, eff. 7/1/2001.