North Carolina General Statutes § 53C-4-9 Affiliate transactions

A bank may extend credit to, and engage in transactions with, its affiliates, directors, executive officers, principal shareholders, and their respective immediate family members only to the extent permitted by, and subject to such restrictions and conditions as are imposed by, applicable State and federal laws and regulations.  (2012-56, s. 4.)

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Last modified: March 23, 2014