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Code · North Carolina · Chapter 54C — Savings Banks

§ 54C-178. Regional reciprocal acquisitions.

95 words·~1 min read·/nc/chapter-54c/54c-178

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§ 54C-178. Regional reciprocal acquisitions.
State savings banks and holding companies thereof shall have the same powers to acquire and be acquired as State associations and their savings and loan holding companies under Article 3A of Chapter 54B of the General Statutes. For this purpose, the term "association" as used in Article 3A of Chapter 54B of the General Statutes shall include a State savings bank chartered under this Chapter, and the term "savings and loan holding company" shall include holding companies of State savings banks chartered under this Chapter. (1991, c. 680, s. 1.)
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