N.C. Gen. Stat. § 53-160

Current through Session Law 2024-11

Section 53-160 - License to do business

Before any such trust institution is authorized to act in any fiduciary capacity without bond, it must be licensed by the Commissioner of Banks of the State. For such license the licensee, for the purpose of defraying necessary expenses of the Commissioner of Banks and the Commissioner's agents, shall pay to the Commissioner of Banks an annual license fee of five hundred dollars ($500.00).

Amended by 2011 N.C. Sess. Laws 339,s. 7, eff. 10/1/2011.

Amended by 2004 N.C. Sess. Laws 0171, s. 5, eff. 10/1/2004.

Amended by 2001-263, s. 3, eff. 7/1/2001.

1945, c. 743, s. 1; 1967, c. 789, s. 20.