§ 53-343 - Prohibited distributions, acquisitions, liens, or pledges.

NC Gen Stat § 53-343 (2019) (N/A)
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53-343. Prohibited distributions, acquisitions, liens, or pledges.

A State trust company shall not make any distribution to its shareholders, acquire its own shares, acquire a lien upon its own shares, or pledge its own assets while an order of the Commissioner prohibiting such distributions, acquisitions, liens, or pledges is in effect.