N.C. Gen. Stat. § 53-371

Current through Session Law 2024-56

Section 53-371 - Removal of directors, officers, and employees

The Commissioner may require the immediate removal from office of any officer, director, or employee of any State trust company, who shall be found to be dishonest, incompetent, or reckless in the management of the affairs of the State trust company, or who persistently violates the laws of this State or the rules, orders, and declaratory rulings issued by the Commissioner.

N.C. Gen. Stat. § 53-371

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