An out-of-state association that is subject to an order or written agreement revoking its authority to establish or maintain a branch in North Carolina and any State association that is subject to an order or written agreement revoking its authority to establish or maintain a branch in another state shall wind up the business of that branch in an orderly manner that protects the depositors, customers, and creditors of the branch, and that complies with all North Carolina laws and all other applicable laws regarding the closing of the branch. (1993, c. 191, s. 2.)
Sections: Previous 54B-262 54B-265 54B-266 54B-267 54B-268 54B-269 54B-270 54B-271 54B-272 54B-273 54B-274 54B-275 54B-276 54B-277 54B-278 Next
Last modified: March 23, 2014