Part 2. Combinations.

§ 53C‑7‑201.  Combination authority.

With the approval of the Commissioner, a bank may combine with one or more depository institutions or non‑depository institutions, provided that the bank is the surviving entity in any combination with a non‑depository institution. The application for approval shall be in the form required by the Commissioner and shall be accompanied by a fee as set forth by rule. (2012‑56, s. 4.)