Chapter 54B

178 published sections.

Article 1 - General Provisions

N.C.G.S. § 54B-1 — Title.
N.C.G.S. § 54B-2 — Purpose.
N.C.G.S. § 54B-3 — Applicability of Chapter.
N.C.G.S. § 54B-4 — Definitions and application of terms.

Article 2 - Incorporation and Organization

N.C.G.S. § 54B-5 — Severability.
N.C.G.S. § 54B-6 — Hearings.
N.C.G.S. § 54B-7 — Application of Chapter on business corporations.
N.C.G.S. § 54B-8 — Scope and prohibitions; existing charters; injunctions.
N.C.G.S. § 54B-9 — Application to organize a savings and loan association.
N.C.G.S. § 54B-10 — Certificate of incorporation.
N.C.G.S. § 54B-11 — Commissioner of Banks to consider application.
N.C.G.S. § 54B-12 — Criteria to be met before the Commissioner of Banks may recommend approval of an application.
N.C.G.S. § 54B-13 — State Banking Commission to review findings and recommendations of Commissioner of Banks.
N.C.G.S. § 54B-14 — Grounds for approval or denial of application.
N.C.G.S. § 54B-15 — Final decision.
N.C.G.S. § 54B-16 — Appeal.
N.C.G.S. § 54B-17 — Insurance of accounts required.
N.C.G.S. § 54B-18 — Time allowed to commence business.
N.C.G.S. § 54B-19 — Licensing.
N.C.G.S. § 54B-20 — Amendments to certificate of incorporation.
N.C.G.S. § 54B-21 — List of stockholders to be maintained.
N.C.G.S. § 54B-22 — Branch offices.
N.C.G.S. § 54B-23 — Application to change location of a branch or principal office.
N.C.G.S. § 54B-24 — Approval revoked; branch office.
N.C.G.S. § 54B-25 — Branch offices closed.

Article 3 - Fundamental Changes

N.C.G.S. § 54B-30 — Conversion from State to federal association.
N.C.G.S. § 54B-31 — Conversion from federal to State association.
N.C.G.S. § 54B-32 — Simultaneous charter and ownership conversion.
N.C.G.S. § 54B-33 — Conversion of mutual to stock association.
N.C.G.S. § 54B-34 — Conversion of stock associations to mutual associations.
N.C.G.S. § 54B-34.1 — Conversion to State association.
N.C.G.S. § 54B-34.2 — Conversion to bank.
N.C.G.S. § 54B-35 — Merger of like savings and loan associations.
N.C.G.S. § 54B-36 — Merger of associations where ownership is converted.
N.C.G.S. § 54B-37 — Merger of mutual and stock associations.
N.C.G.S. § 54B-37.1 — Simultaneous conversion/merger.
N.C.G.S. § 54B-39 — Merger of federal with State associations.
N.C.G.S. § 54B-40 — Voluntary dissolution by directors.
N.C.G.S. § 54B-41 — Voluntary dissolution by stockholders or members.
N.C.G.S. § 54B-42 — Rules, regulations and reports of voluntary dissolution.
N.C.G.S. § 54B-43 — Stock dividends.
N.C.G.S. § 54B-44 — Supervisory mergers, consolidations, conversions, and combination mergers and conversions.
N.C.G.S. § 54B-45 — Interim associations.
N.C.G.S. § 54B-46 — Conversion of bank to stock association.
N.C.G.S. § 54B-47 — Merger of banks and associations.

Article 3A - North Carolina Regional Reciprocal Savings and Loan Acquisition Act

N.C.G.S. § 54B-48.1 — Title.
N.C.G.S. § 54B-48.2 — Definitions.
N.C.G.S. § 54B-48.3 — Acquisitions by Southern Region savings and loan holding companies and Southern Region associations.
N.C.G.S. § 54B-48.4 — Exceptions.
N.C.G.S. § 54B-48.5 — Prohibitions.
N.C.G.S. § 54B-48.6 — Applicable laws, rules and regulations.
N.C.G.S. § 54B-48.7 — Appeal of Commissioner of Banks' decision.
N.C.G.S. § 54B-48.8 — Periodic reports; interstate agreements.
N.C.G.S. § 54B-48.9 — Enforcement.

Article 4 - Supervision and Regulation

N.C.G.S. § 54B-52 — Commissioner of Banks.
N.C.G.S. § 54B-54 — Deputy commissioner of Savings Institutions Division.
N.C.G.S. § 54B-55 — Power of Commissioner of Banks to promulgate rules and regulations; reproduction of records.
N.C.G.S. § 54B-56 — Examinations by Commissioner of Banks; report.
N.C.G.S. § 54B-57 — Supervision and examination fees.
N.C.G.S. § 54B-58 — Prolonged audit, examination or revaluation; payment of costs.
N.C.G.S. § 54B-59 — Cease and desist orders.
N.C.G.S. § 54B-60 — Commissioner of Banks to have right of access to books and records of association; right to issue subpoenas, administer oaths, examine witnesses.
N.C.G.S. § 54B-61 — Test appraisals of collateral for loans; expense paid.
N.C.G.S. § 54B-62 — Relationship of savings and loan associations with the Savings Institutions Division.
N.C.G.S. § 54B-63 — Confidential information.
N.C.G.S. § 54B-63.1 — Confidential records.
N.C.G.S. § 54B-64 — Civil penalties; State associations.
N.C.G.S. § 54B-65 — Civil penalties; directors, officers and employees.
N.C.G.S. § 54B-66 — Criminal penalties.
N.C.G.S. § 54B-67 — Primary jurisdiction.
N.C.G.S. § 54B-68 — Supervisory control.
N.C.G.S. § 54B-69 — Removal of directors, officers and employees.
N.C.G.S. § 54B-70 — Involuntary liquidation.
N.C.G.S. § 54B-71 — Judicial review.
N.C.G.S. § 54B-72 — Indemnity.
N.C.G.S. § 54B-73 — Cumulative penalties.
N.C.G.S. § 54B-74 — Annual license fees.
N.C.G.S. § 54B-75 — Statement filed by savings and loan association; fees and examination.
N.C.G.S. § 54B-77 — Certain powers granted to State associations.
N.C.G.S. § 54B-78 — Prohibited practices.

Article 5 - Corporate Administration

N.C.G.S. § 54B-100 — Membership of a mutual association.
N.C.G.S. § 54B-101 — Directors.
N.C.G.S. § 54B-102 — Employment policies.
N.C.G.S. § 54B-103 — Duties and liabilities of officers and directors to their associations.
N.C.G.S. § 54B-104 — Conflicts of interest.
N.C.G.S. § 54B-105 — Voting rights.
N.C.G.S. § 54B-106 — Annual meetings; notice required.
N.C.G.S. § 54B-107 — Special meetings; notice required.
N.C.G.S. § 54B-108 — Quorum.
N.C.G.S. § 54B-109 — Indemnification.
N.C.G.S. § 54B-110 — Days and hours of operation.

Article 6 - Withdrawable Accounts

N.C.G.S. § 54B-121 — Creation of withdrawable accounts.
N.C.G.S. § 54B-122 — Additional requirements.
N.C.G.S. § 54B-123 — Dividends on withdrawable accounts.
N.C.G.S. § 54B-124 — Withdrawals from withdrawable accounts.
N.C.G.S. § 54B-125 — Emergency limitations.
N.C.G.S. § 54B-126 — Forced retirement of withdrawable accounts.
N.C.G.S. § 54B-127 — Negotiable orders of withdrawal.
N.C.G.S. § 54B-128 — Option on nonnegotiable orders of withdrawal.
N.C.G.S. § 54B-129 — Joint accounts.
N.C.G.S. § 54B-130.1 — Payable on Death (POD) accounts.
N.C.G.S. § 54B-131 — Right of setoff on withdrawable accounts.
N.C.G.S. § 54B-132 — Minors as withdrawable account holders; safe deposit box lessees.
N.C.G.S. § 54B-133 — Withdrawable accounts as deposit of securities.
N.C.G.S. § 54B-134 — New account books.
N.C.G.S. § 54B-135 — Transfer of withdrawable accounts.
N.C.G.S. § 54B-136 — Authority of power of attorney.
N.C.G.S. § 54B-139 — Personal agency accounts.
N.C.G.S. § 54B-140 — Savings promotion raffles.

Article 6A - Fee for Returned Checks

N.C.G.S. § 54B-147 — Collection of processing fee for returned checks.

Article 7 - Loans

N.C.G.S. § 54B-150 — Manner of making loans.
N.C.G.S. § 54B-151 — Permitted loans.
N.C.G.S. § 54B-152 — Real property encumbrances.
N.C.G.S. § 54B-153 — Prohibited security.
N.C.G.S. § 54B-154 — Insider loans.
N.C.G.S. § 54B-155 — Rulemaking power of Commissioner of Banks.
N.C.G.S. § 54B-156 — Loan expenses and fees.
N.C.G.S. § 54B-157 — Loans conditioned on certain transactions prohibited.
N.C.G.S. § 54B-158 — Insured or guaranteed loans.
N.C.G.S. § 54B-159 — Purchase of loans.
N.C.G.S. § 54B-160 — Participation in loans.
N.C.G.S. § 54B-161 — Sale of loans.
N.C.G.S. § 54B-162 — Power to borrow money.
N.C.G.S. § 54B-163 — Methods of loan repayment.
N.C.G.S. § 54B-164 — Loans to one borrower.
N.C.G.S. § 54B-165 — Professional services.
N.C.G.S. § 54B-166 — Nonconforming investments.
N.C.G.S. § 54B-167 — Scope of Article.

Article 8 - Other Investments

N.C.G.S. § 54B-180 — Other investments.
N.C.G.S. § 54B-181 — Business property of a State association.
N.C.G.S. § 54B-182 — United States obligations.
N.C.G.S. § 54B-183 — North Carolina obligations.
N.C.G.S. § 54B-184 — Federal Home Loan Bank obligations.
N.C.G.S. § 54B-185 — Deposits in banks.
N.C.G.S. § 54B-186 — Deposits in other associations.
N.C.G.S. § 54B-187 — Fannie Mae obligations.
N.C.G.S. § 54B-188 — Municipal and county obligations.
N.C.G.S. § 54B-189 — Stock in education agency.
N.C.G.S. § 54B-190 — Industrial development corporation stock.
N.C.G.S. § 54B-191 — Urban renewal investment corporation stock.
N.C.G.S. § 54B-192 — Urban renewal projects.
N.C.G.S. § 54B-193 — Loans on sufficient collateral; other investments.
N.C.G.S. § 54B-194 — Service corporations.
N.C.G.S. § 54B-195 — Any loan or investment permitted for federal associations.
N.C.G.S. § 54B-197 — Effect of change in law or regulation.

Article 9 - Liquidity Fund

N.C.G.S. § 54B-210 — Components of liquidity fund.
N.C.G.S. § 54B-211 — Renewal of liquidity fund.

Article 10 - General Reserve

N.C.G.S. § 54B-216 — General reserve.

Article 12 - Mutual Deposit Guaranty Associations

N.C.G.S. § 54B-236 — Definitions.
N.C.G.S. § 54B-237 — Organization of a mutual deposit guaranty association.
N.C.G.S. § 54B-238 — Examination and certification by Secretary of Commerce.
N.C.G.S. § 54B-239 — Recordation of articles of incorporation.
N.C.G.S. § 54B-240 — Proposed amendments submitted to Secretary of Commerce.
N.C.G.S. § 54B-241 — Examination and certification of amendments.
N.C.G.S. § 54B-242 — Recordation of amendments.
N.C.G.S. § 54B-243 — Reserve for losses.
N.C.G.S. § 54B-244 — Purposes and powers of mutual deposit guaranty associations.
N.C.G.S. § 54B-245 — Filing of semiannual financial reports; fees.
N.C.G.S. § 54B-246 — Supervision by Secretary of Commerce.
N.C.G.S. § 54B-247 — Special examinations.
N.C.G.S. § 54B-248 — Right to enter and to conduct investigations.
N.C.G.S. § 54B-249 — Removal of officers or employees.

Article 13 - Savings and Loan Holding Companies

N.C.G.S. § 54B-261 — Savings and loan holding companies.
N.C.G.S. § 54B-262 — Supervision of savings and loan holding companies.

Article 14 - Savings and Loan Interstate Branches

N.C.G.S. § 54B-265 — Title.
N.C.G.S. § 54B-266 — Definitions.
N.C.G.S. § 54B-267 — Establishment of branches by out-of-state associations.
N.C.G.S. § 54B-268 — Application requirements.
N.C.G.S. § 54B-269 — Conditions for approval.
N.C.G.S. § 54B-270 — Special conditions.
N.C.G.S. § 54B-271 — Powers.
N.C.G.S. § 54B-272 — Establishment of out-of-state branches by state associations.
N.C.G.S. § 54B-273 — Regulatory and supervisory oversight.
N.C.G.S. § 54B-274 — Enforcement.
N.C.G.S. § 54B-275 — Branch closings.
N.C.G.S. § 54B-276 — Rules.
N.C.G.S. § 54B-277 — Appeal of Commissioner of Banks' decision.
N.C.G.S. § 54B-278 — Severability.