N.C. Gen. Stat. § 53C-4-7

Current through Session Law 2024-56

Section 53C-4-7 - Directors may declare distributions

Provided a bank does not make distributions that reduce its capital below its applicable required capital, the board of directors of a bank may declare such distributions as it deems proper.

N.C. Gen. Stat. § 53C-4-7

Added by 2012 N.C. Sess. Laws 56,s. 4, eff. 10/1/2012.