North Carolina General Assembly
NC General Statutes
Chapter 53C - Regulation of Banks.
The Statutes on the North Carolina General Assembly website reflect changes made in the
legislative session, through 7/30/2016.
§ 53C-1-1. Title.
§ 53C-1-2. Scope and applicability of Chapter.
§ 53C-1-3. Existing banks; prohibitions, injunctions.
§ 53C-1-4. Definitions and application of terms.
§ 53C-1-5. Severability.
Commission and Commissioner.
§ 53C-2-1. The Commission.
§ 53C-2-2. The Commissioner.
§ 53C-2-3. The Office of the Commissioner of Banks.
§ 53C-2-4. Administration of the Office of the Commissioner of Banks.
§ 53C-2-5. Rule making.
§ 53C-2-6. Hearings and appeals.
§ 53C-2-7. Official record.
Organization of a Bank.
§ 53C-3-1. Application to organize a bank.
§ 53C-3-2. Permission to organize a bank.
§ 53C-3-3. Articles of incorporation of a proposed bank.
§ 53C-3-4. Commissioner's approval of charter issuance.
§ 53C-3-5. Notice; public hearing.
§ 53C-3-6. Commission decision.
§ 53C-3-7. Issuance of charter.
Governance of Banks.
§ 53C-4-1. Banks - Form of organization.
§ 53C-4-2. Banks controlled by boards of directors.
§ 53C-4-3. Committees of boards of directors.
§ 53C-4-4. Minutes of meetings of directors and committees.
§ 53C-4-5. Qualifications of bank directors.
§ 53C-4-6. Liability of directors.
§ 53C-4-7. Directors may declare distributions.
§ 53C-4-8. Officers and employees shall give bond.
§ 53C-4-9. Affiliate transactions.
§ 53C-4-10. Examination of board composition, structure, and conduct.
§ 53C-4-11. Reserve fund.
§ 53C-4-12. Compliance review committee.
§ 53C-4-13. Immediate report of changes in directors and certain officers.
Powers of Banks.
§ 53C-5-1. Powers.
§ 53C-5-2. Investment authority.
§ 53C-5-3. Banks, fiduciaries authorized to invest in securities approved by the Secretary of Housing and Urban Development, Federal Housing Administration, Veterans Administration.
§ 53C-6-1. Loans and extensions of credit.
§ 53C-6-2. Deposits.
§ 53C-6-3. Securing deposits.
§ 53C-6-4. Minors.
§ 53C-6-5: Reserved for future codification purposes.
§ 53C-6-6. Joint accounts.
§ 53C-6-7. Payable on Death accounts.
§ 53C-6-8. Personal agency accounts.
§ 53C-6-9. Accounts opened by adults for minors.
§ 53C-6-10. Payment of balance of deceased person or person under disability to personal representative or guardian.
§ 53C-6-11. Powers of attorney; notice of revocation; payment after notice.
§ 53C-6-12. Account statements to be rendered annually or on request.
§ 53C-6-13. Safe deposit boxes; unpaid rentals; procedure; escheats.
§ 53C-6-14. Reproduction and retention of records; admissibility of copies in evidence; disposition of originals; record production generally.
§ 53C-6-15. Establishment of branches.
§ 53C-6-16. Change of location of a branch or principal office.
§ 53C-6-17. Branch closings.
§ 53C-6-18. Non-branch bank business offices.
§ 53C-6-19. Operations; suspension.
Control Transactions; Combinations; Conversions.
§ 53C-7-101. Control transactions.
§ 53C-7-102. Application regarding a control transaction.
§ 53C-7-103. Public notice.
§ 53C-7-104. Actions on control transaction applications.
§ 53C-7-105. Appeal.
§ 53C-7-201. Combination authority.
§ 53C-7-202. Combination application and investigation.
§ 53C-7-203. Decision on application.
§ 53C-7-204. Interim banks.
§ 53C-7-205. Fiduciary powers and liabilities in a combination or a transferring of assets and liabilities.
§ 53C-7-206. Combination with federally chartered institution.
§ 53C-7-207. Combination with a subsidiary.
§ 53C-7-208: Repealed by Session Laws 2013-29, s. 18, effective April 16, 2013.
§ 53C-7-209. Appeal.
§ 53C-7-301. Conversion to a North Carolina bank charter.
§ 53C-7-302. Appeal.
§ 53C-7-303. Conversion by North Carolina bank.
§ 53C-8-1. Commissioner has authority to supervise banks.
§ 53C-8-2. Assessments and fees.
§ 53C-8-3. Reports required of banks.
§ 53C-8-4. Examination by Commissioner.
§ 53C-8-5. Examination of affiliates.
§ 53C-8-6. Access to books and records; right to issue subpoenas, administer oaths, and examine witnesses.
§ 53C-8-7. Examiner making false report.
§ 53C-8-8. Examiner disclosing confidential information.
§ 53C-8-9. Loans or gratuities forbidden.
§ 53C-8-10. Willfully and maliciously making derogatory reports.
§ 53C-8-11. Misapplication, embezzlement of funds.
§ 53C-8-12. Enforcement of the banking laws.
§ 53C-8-13. Immediate action orders.
§ 53C-8-14. Supervisory control.
§ 53C-8-15. Removal of directors, officers, and employees.
§ 53C-8-16. Emergency powers.
§ 53C-8-17. Interstate regulatory agreements.
Supervisory Liquidation; Voluntary Dissolution and Liquidation.
§ 53C-9-101. Supervisory combinations.
§ 53C-9-102. Distributions; assignments restricted.
§ 53C-9-103. Cancellation of charter.
§ 53C-9-201. Voluntary dissolution prior to receipt of charter.
§ 53C-9-202. Voluntary dissolution.
§ 53C-9-203. Voluntary dissolution and liquidation procedure.
§ 53C-9-301. Receivership.
§ 53C-9-401. Statute relating to receivers applicable to insolvent banks.
§ 53C-9-402. Storage and destruction of records.
§ 53C-9-403. Authority to serve as trustee terminated.
§ 53C-9-404. Petition for new trustee; upon parties interested.
§ 53C-9-405. Appointment of substitute trustee where no objection made.
§ 53C-9-406. Hearing where objection made; appeal from order.
§ 53C-9-407. Registration of final order.
§ 53C-9-408. Petition and order applicable to all instruments involved.
§ 53C-9-409. Additional remedy.
Bank Holding Companies.
§ 53C-10-101. Holdings companies.
§ 53C-10-102. Holding company control transaction.
§ 53C-10-103. Application regarding a control transaction.
§ 53C-10-104. Public notice.
§ 53C-10-105. Actions on control transaction applications.
§ 53C-10-106. Appeal.
§ 53C-10-201. Combination authority.
§ 53C-10-202. Combination application and investigation.
§ 53C-10-203. Decision on application.
§ 53C-10-204. Appeal.
§ 53C-10-301. Cease and desist order.
§ 53C-10-302. Other control changes.