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 B - SEIZURE BY COMMISSIONER; INVOLUNTARY DISSOLUTION AND LIQUIDATION
Section 53-390 - Deposit of funds collected

N.C. Gen. Stat. § 53-390

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Current through Session Law 2024-56
Section 53-390 - Deposit of funds collected

All funds collected by the Commissioner, in liquidating any State trust company, shall be deposited from time to time in a bank as may be selected by the Commissioner and shall be subject to withdrawal by check of the Commissioner.

N.C. Gen. Stat. § 53-390

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