N.C. Gen. Stat. § 53C-7-204

Current through Session Law 2024-3
Section 53C-7-204 - Interim banks

The Commissioner may approve an application to organize an interim bank solely for the purpose of effecting a combination under this Article. No interim bank shall transact any business except as is incidental and necessary to its organization and the combination. The Commissioner may set forth in the order approving the organization such additional conditions with respect to the interim bank as the Commissioner deems necessary.

N.C. Gen. Stat. § 53C-7-204

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