Statutes, codes, and regulations
General Statutes of North Carolina
Chapter 53 - REGULATION OF FINANCIAL SERVICESArticle 24 - TRUST COMPANIES AND INTERSTATE TRUST BUSINESSPart 5 - DISSOLUTION AND RECEIVERSHIP; CONSERVATORSHIP; JEOPARDIZED STATE TRUST COMPANIES
Subpart A - VOLUNTARY DISSOLUTION AND LIQUIDATION
Section 53-372 - Required vote of shareholders

N.C. Gen. Stat. § 53-372

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Current through Session Law 2024-56
Section 53-372 - Required vote of shareholders

With the approval of the Commissioner, a State trust company may go into voluntary liquidation, be closed, and surrender its charter and franchise as a corporation of this State by the affirmative vote of its shareholders owning two-thirds of its stock.

N.C. Gen. Stat. § 53-372

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