Chapter 54C

140 published sections.

Article 1 - General Provisions

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

Article 2 - Incorporation and Organization

N.C.G.S. § 54C-6 — Hearings.
N.C.G.S. § 54C-7 — Application of Chapter on business corporations.
N.C.G.S. § 54C-8 — Scope and prohibitions; existing charters; injunctions.
N.C.G.S. § 54C-9 — Application to organize a savings bank.
N.C.G.S. § 54C-10 — Certificate of incorporation.
N.C.G.S. § 54C-11 — Commissioner of Banks to consider application.
N.C.G.S. § 54C-12 — Criteria to be met before the Commissioner of Banks may recommend approval of an application.
N.C.G.S. § 54C-13 — Commission to review findings and recommendations of Commissioner of Banks.
N.C.G.S. § 54C-14 — Grounds for approval or denial of application.
N.C.G.S. § 54C-15 — Final decision.
N.C.G.S. § 54C-16 — Appeal.
N.C.G.S. § 54C-17 — Insurance of accounts required.
N.C.G.S. § 54C-19 — Time allowed to commence business.
N.C.G.S. § 54C-20 — Licensing.
N.C.G.S. § 54C-21 — Amendments to certificate of incorporation.
N.C.G.S. § 54C-22 — List of stockholders to be maintained.
N.C.G.S. § 54C-23 — Branch offices.
N.C.G.S. § 54C-24 — Request to change location of a branch or principal office.
N.C.G.S. § 54C-25 — Approval revoked; branch office.
N.C.G.S. § 54C-26 — Branch offices closed.
N.C.G.S. § 54C-27 — Loan production office.

Article 3 - Corporate Changes

N.C.G.S. § 54C-30 — Conversion to savings bank.
N.C.G.S. § 54C-31 — Conversion from State to federal charter.
N.C.G.S. § 54C-32 — Simultaneous charter and ownership conversion.
N.C.G.S. § 54C-33 — Conversion of mutual to stock savings bank.
N.C.G.S. § 54C-34 — Conversion of stock savings bank to mutual savings bank.
N.C.G.S. § 54C-35 — Merger of like savings banks.
N.C.G.S. § 54C-36 — Simultaneous conversion/merger.
N.C.G.S. § 54C-37 — Merger of mutual and stock savings banks.
N.C.G.S. § 54C-38 — Simultaneous merger and conversion.
N.C.G.S. § 54C-39 — Merger of federal charters with State savings banks.
N.C.G.S. § 54C-40 — Merger of savings banks with banks and associations.
N.C.G.S. § 54C-41 — Voluntary dissolution by directors.
N.C.G.S. § 54C-42 — Voluntary dissolution by stockholders or members.
N.C.G.S. § 54C-43 — Reports of voluntary dissolution.
N.C.G.S. § 54C-44 — Stock dividends.
N.C.G.S. § 54C-45 — Supervisory mergers, consolidations, conversions, and combination mergers and conversions.
N.C.G.S. § 54C-46 — Interim savings banks.
N.C.G.S. § 54C-47 — Conversion to bank.

Article 4 - Supervision

N.C.G.S. § 54C-52 — Supervision.
N.C.G.S. § 54C-53 — Power of Commissioner of Banks to adopt rules and definitions; reproduction of records.
N.C.G.S. § 54C-54 — Examinations by Commissioner of Banks; report.
N.C.G.S. § 54C-55 — Supervision and examination fees authorized; use of funds collected under Chapter.
N.C.G.S. § 54C-56 — Prolonged audit, examination, or revaluation; payment of costs.
N.C.G.S. § 54C-57 — Commissioner of Banks to have right of access to books and records of the savings bank; right to issue subpoenas, administer oaths, examine witnesses.
N.C.G.S. § 54C-58 — Test appraisals of collateral for loans; expense paid.
N.C.G.S. § 54C-59 — Relationship of savings banks with the Savings Institutions Division.
N.C.G.S. § 54C-60 — Confidential information.
N.C.G.S. § 54C-60.1 — Confidential records.
N.C.G.S. § 54C-61 — Annual license fees.
N.C.G.S. § 54C-62 — Statement filed by savings bank; fees and examination.
N.C.G.S. § 54C-64 — Prohibited practices.

Article 5 - Enforcement

N.C.G.S. § 54C-76 — Cease and desist orders.
N.C.G.S. § 54C-77 — Civil penalties; State savings banks.
N.C.G.S. § 54C-78 — Civil penalties; directors, officers, and employees.
N.C.G.S. § 54C-79 — Criminal penalties.
N.C.G.S. § 54C-80 — Primary jurisdiction.
N.C.G.S. § 54C-81 — Supervisory control.
N.C.G.S. § 54C-82 — Removal of directors, officers, and employees.
N.C.G.S. § 54C-83 — Involuntary liquidation.
N.C.G.S. § 54C-84 — Judicial review.
N.C.G.S. § 54C-85 — Indemnity.
N.C.G.S. § 54C-86 — Cumulative penalties.
N.C.G.S. § 54C-87 — Emergency limitations.

Article 6 - Corporate Administration

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

Article 7 - Loans and Investments

N.C.G.S. § 54C-121 — Loans.
N.C.G.S. § 54C-122 — Lending procedures.
N.C.G.S. § 54C-123 — Prohibited security.
N.C.G.S. § 54C-124 — Loans conditioned on certain transactions prohibited.
N.C.G.S. § 54C-125 — Loan expenses and fees.
N.C.G.S. § 54C-126 — Methods of loan repayment.
N.C.G.S. § 54C-127 — Insider loans.
N.C.G.S. § 54C-128 — Rulemaking power of Commissioner of Banks.
N.C.G.S. § 54C-129 — Nonconforming loans and investments.
N.C.G.S. § 54C-130 — Limitation on loans to one borrower.
N.C.G.S. § 54C-131 — Investment in banking premises.
N.C.G.S. § 54C-132 — United States obligations.
N.C.G.S. § 54C-133 — North Carolina obligations.
N.C.G.S. § 54C-134 — Federal Home Loan Bank obligations.
N.C.G.S. § 54C-135 — Deposits in depository institutions.
N.C.G.S. § 54C-136 — Federal government-sponsored enterprise obligations.
N.C.G.S. § 54C-137 — Municipal and county obligations.
N.C.G.S. § 54C-138 — Stock in education agency.
N.C.G.S. § 54C-139 — Industrial development corporation stock.
N.C.G.S. § 54C-140 — Urban renewal investment corporation stock.
N.C.G.S. § 54C-141 — Limitations on investment in stocks and securities.
N.C.G.S. § 54C-142 — Suspension of investment and loan limitation.
N.C.G.S. § 54C-143 — Commercial lending.
N.C.G.S. § 54C-144 — Service corporations.
N.C.G.S. § 54C-145 — Parity in loans or investments.
N.C.G.S. § 54C-146 — Certain powers granted to State savings banks.

Article 8 - Operations

N.C.G.S. § 54C-161 — Generally accepted accounting principles.
N.C.G.S. § 54C-162 — Liquidity.
N.C.G.S. § 54C-163 — Net worth requirement.
N.C.G.S. § 54C-164 — Deposit accounts.
N.C.G.S. § 54C-165 — Joint accounts.
N.C.G.S. § 54C-166.1 — Payable on Death (POD) accounts.
N.C.G.S. § 54C-167 — Personal agency accounts.
N.C.G.S. § 54C-168 — Collection of processing fee for returned checks.
N.C.G.S. § 54C-169 — Right of setoff on deposit accounts.
N.C.G.S. § 54C-170 — Minors as deposit account holders.
N.C.G.S. § 54C-171 — Deposit accounts as deposit of securities.
N.C.G.S. § 54C-172 — New account books.
N.C.G.S. § 54C-173 — Transfer of deposit accounts.
N.C.G.S. § 54C-174 — Authority of power of attorney.
N.C.G.S. § 54C-175 — Days and hours of operation.
N.C.G.S. § 54C-176 — Power to borrow money.
N.C.G.S. § 54C-177 — Authority to join federal reserve bank.
N.C.G.S. § 54C-178 — Regional reciprocal acquisitions.
N.C.G.S. § 54C-179 — Forced retirement of deposit accounts.
N.C.G.S. § 54C-180 — Savings promotion raffles.

Article 9 - Holding Companies

N.C.G.S. § 54C-195 — Holding companies.
N.C.G.S. § 54C-196 — Supervision of holding companies.

Article 10 - Savings Bank Interstate Branches

N.C.G.S. § 54C-199 — Title.
N.C.G.S. § 54C-200 — Definitions.
N.C.G.S. § 54C-201 — Establishment of branches by out-of-state savings banks.
N.C.G.S. § 54C-202 — Application requirements.
N.C.G.S. § 54C-203 — Conditions for approval.
N.C.G.S. § 54C-204 — Special conditions.
N.C.G.S. § 54C-205 — Powers.
N.C.G.S. § 54C-206 — Establishment of out-of-state branches by State savings banks.
N.C.G.S. § 54C-207 — Regulatory and supervisory oversight.
N.C.G.S. § 54C-208 — Enforcement.
N.C.G.S. § 54C-209 — Branch closings.
N.C.G.S. § 54C-210 — Rules.
N.C.G.S. § 54C-211 — Appeal of Commissioner of Banks' decision.
N.C.G.S. § 54C-212 — Severability.