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Code · North Carolina · Chapter 53 — Regulation of Financial Services

Part 5.

66 words·~1 min read·/nc/chapter-53/5

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Part 5. Dissolution and Receivership; Conservatorship; Jeopardized State Trust Companies.
Subpart A. Voluntary Dissolution and Liquidation.
§ 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. (2001-263, s. 1.)
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