LegalFix
Sign In

§ 54C-11 - Commissioner of Banks to consider application.

NC Gen Stat § 54C-11 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

54C-11. Commissioner of Banks to consider application.

Upon receipt of an application to organize and establish a savings bank, the Commissioner of Banks shall examine or cause to be examined all the relevant facts connected with the formation of the proposed savings bank. If it appears to the Commissioner of Banks that the proposed savings bank has complied with all the requirements set forth in this Chapter and the rules for the formation of a savings bank and is otherwise lawfully entitled to be organized and established as a savings bank, the Commissioner of Banks shall present the application to the Commission for its consideration.

Previous Section
§ 54C-10 - Certificate of incorporation.
Next Section
§ 54C-12 - Criteria to be met before the Commissioner of Banks may recommend approval of an application.