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Code · North Carolina · Chapter 53C — Regulation of Banks

Part 2.

69 words·~1 min read·/nc/chapter-53c/2-3

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Part 2. Combinations.
§ 53C-7-201. Combination authority.
With the approval of the Commissioner, a bank may combine with one or more depository institutions or non-depository institutions, provided that the bank is the surviving entity in any combination with a non-depository institution. The application for approval shall be in the form required by the Commissioner and shall be accompanied by a fee as set forth by rule. (2012-56, s. 4.)
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