NOTE: The Statutes on the North Carolina General Assembly website reflect changes made in the 2017 Regular Session. The changes from all Sessions are listed in the NC Statutes and Session Laws affected by ratified bills documents.

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North Carolina General Statutes
Chapter 53C: Regulation of Banks.

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Article 1 - General Provisions. [HTML] [RTF]
G.S. 53C-1-1§ 53C-1-1. Title.[HTML] [RTF]
G.S. 53C-1-2§ 53C-1-2. Scope and applicability of Chapter.[HTML] [RTF]
G.S. 53C-1-3§ 53C-1-3. Existing banks; prohibitions, injunctions.[HTML] [RTF]
G.S. 53C-1-4§ 53C-1-4. Definitions and application of terms.[HTML] [RTF]
G.S. 53C-1-5§ 53C-1-5. Severability.[HTML] [RTF]
Article 2 - Commission and Commissioner. [HTML] [RTF]
G.S. 53C-2-1§ 53C-2-1. The Commission.[HTML] [RTF]
G.S. 53C-2-2§ 53C-2-2. The Commissioner.[HTML] [RTF]
G.S. 53C-2-3§ 53C-2-3. The Office of the Commissioner of Banks.[HTML] [RTF]
G.S. 53C-2-4§ 53C-2-4. Administration of the Office of the Commissioner of Banks.[HTML] [RTF]
G.S. 53C-2-5§ 53C-2-5. Rule making.[HTML] [RTF]
G.S. 53C-2-6§ 53C-2-6. Hearings and appeals.[HTML] [RTF]
G.S. 53C-2-7§ 53C-2-7. Official record.[HTML] [RTF]
Article 3 - Organization of a Bank. [HTML] [RTF]
G.S. 53C-3-1§ 53C-3-1. Application to organize a bank.[HTML] [RTF]
G.S. 53C-3-2§ 53C-3-2. Permission to organize a bank.[HTML] [RTF]
G.S. 53C-3-3§ 53C-3-3. Articles of incorporation of a proposed bank.[HTML] [RTF]
G.S. 53C-3-4§ 53C-3-4. Commissioner's approval of charter issuance.[HTML] [RTF]
G.S. 53C-3-5§ 53C-3-5. Notice; public hearing.[HTML] [RTF]
G.S. 53C-3-6§ 53C-3-6. Commission decision.[HTML] [RTF]
G.S. 53C-3-7§ 53C-3-7. Issuance of charter.[HTML] [RTF]
Article 4 - Governance of Banks. [HTML] [RTF]
G.S. 53C-4-1§ 53C-4-1. Banks - Form of organization.[HTML] [RTF]
G.S. 53C-4-2§ 53C-4-2. Banks controlled by boards of directors.[HTML] [RTF]
G.S. 53C-4-3§ 53C-4-3. Committees of boards of directors.[HTML] [RTF]
G.S. 53C-4-4§ 53C-4-4. Minutes of meetings of directors and committees.[HTML] [RTF]
G.S. 53C-4-5§ 53C-4-5. Qualifications of bank directors.[HTML] [RTF]
G.S. 53C-4-6§ 53C-4-6. Liability of directors.[HTML] [RTF]
G.S. 53C-4-7§ 53C-4-7. Directors may declare distributions.[HTML] [RTF]
G.S. 53C-4-8§ 53C-4-8. Officers and employees shall give bond.[HTML] [RTF]
G.S. 53C-4-9§ 53C-4-9. Affiliate transactions.[HTML] [RTF]
G.S. 53C-4-10§ 53C-4-10. Examination of board composition, structure, and conduct.[HTML] [RTF]
G.S. 53C-4-11§ 53C-4-11. Reserve fund.[HTML] [RTF]
G.S. 53C-4-12§ 53C-4-12. Compliance review committee.[HTML] [RTF]
G.S. 53C-4-13§ 53C-4-13. Immediate report of changes in directors and certain officers.[HTML] [RTF]
Article 5 - Powers of Banks. [HTML] [RTF]
G.S. 53C-5-1§ 53C-5-1. Powers.[HTML] [RTF]
G.S. 53C-5-2§ 53C-5-2. Investment authority.[HTML] [RTF]
G.S. 53C-5-3§ 53C-5-3. Banks, fiduciaries authorized to invest in securities approved by the Secretary of Housing and Urban Development, Federal Housing Administration, Veterans Administration.[HTML] [RTF]
Article 6 - Bank Operations. [HTML] [RTF]
G.S. 53C-6-1§ 53C-6-1. Loans and extensions of credit.[HTML] [RTF]
G.S. 53C-6-2§ 53C-6-2. Deposits.[HTML] [RTF]
G.S. 53C-6-3§ 53C-6-3. Securing deposits.[HTML] [RTF]
G.S. 53C-6-4§ 53C-6-4. Minors.[HTML] [RTF]
G.S. 53C-6-5§ 53C-6-5: Reserved for future codification purposes.[HTML] [RTF]
G.S. 53C-6-6§ 53C-6-6. Joint accounts.[HTML] [RTF]
G.S. 53C-6-7§ 53C-6-7. Payable on Death accounts.[HTML] [RTF]
G.S. 53C-6-8§ 53C-6-8. Personal agency accounts.[HTML] [RTF]
G.S. 53C-6-9§ 53C-6-9. Accounts opened by adults for minors.[HTML] [RTF]
G.S. 53C-6-10§ 53C-6-10. Payment of balance of deceased person or person under disability to personal representative or guardian.[HTML] [RTF]
G.S. 53C-6-11§ 53C-6-11. Powers of attorney; notice of revocation; payment after notice.[HTML] [RTF]
G.S. 53C-6-12§ 53C-6-12. Account statements to be rendered annually or on request.[HTML] [RTF]
G.S. 53C-6-13§ 53C-6-13. Safe deposit boxes; unpaid rentals; procedure; escheats.[HTML] [RTF]
G.S. 53C-6-14§ 53C-6-14. Reproduction and retention of records; admissibility of copies in evidence; disposition of originals; record production generally.[HTML] [RTF]
G.S. 53C-6-15§ 53C-6-15. Establishment of branches.[HTML] [RTF]
G.S. 53C-6-16§ 53C-6-16. Change of location of a branch or principal office.[HTML] [RTF]
G.S. 53C-6-17§ 53C-6-17. Branch closings.[HTML] [RTF]
G.S. 53C-6-18§ 53C-6-18. Non-branch bank business offices.[HTML] [RTF]
G.S. 53C-6-19§ 53C-6-19. Operations; suspension.[HTML] [RTF]
Article 7 - Control Transactions; Combinations; Conversions. [HTML] [RTF]
G.S. 53C-7-101§ 53C-7-101. Control transactions.[HTML] [RTF]
G.S. 53C-7-102§ 53C-7-102. Application regarding a control transaction.[HTML] [RTF]
G.S. 53C-7-103§ 53C-7-103. Public notice.[HTML] [RTF]
G.S. 53C-7-104§ 53C-7-104. Actions on control transaction applications.[HTML] [RTF]
G.S. 53C-7-105§ 53C-7-105. Appeal.[HTML] [RTF]
G.S. 53C-7-201§ 53C-7-201. Combination authority.[HTML] [RTF]
G.S. 53C-7-202§ 53C-7-202. Combination application and investigation.[HTML] [RTF]
G.S. 53C-7-203§ 53C-7-203. Decision on application.[HTML] [RTF]
G.S. 53C-7-204§ 53C-7-204. Interim banks.[HTML] [RTF]
G.S. 53C-7-205§ 53C-7-205. Fiduciary powers and liabilities in a combination or a transferring of assets and liabilities.[HTML] [RTF]
G.S. 53C-7-206§ 53C-7-206. Combination with federally chartered institution.[HTML] [RTF]
G.S. 53C-7-207§ 53C-7-207. Combination with a nonbank subsidiary.[HTML] [RTF]
G.S. 53C-7-208§ 53C-7-208: Repealed by Session Laws 2013-29, s. 18, effective April 16, 2013.[HTML] [RTF]
G.S. 53C-7-209§ 53C-7-209. Appeal.[HTML] [RTF]
G.S. 53C-7-301§ 53C-7-301. Conversion to a North Carolina bank charter.[HTML] [RTF]
G.S. 53C-7-302§ 53C-7-302. Appeal.[HTML] [RTF]
G.S. 53C-7-303§ 53C-7-303. Conversion by North Carolina bank.[HTML] [RTF]
Article 8 - Bank Supervision. [HTML] [RTF]
G.S. 53C-8-1§ 53C-8-1. Commissioner has authority to supervise banks.[HTML] [RTF]
G.S. 53C-8-2§ 53C-8-2. Assessments and fees.[HTML] [RTF]
G.S. 53C-8-3§ 53C-8-3. Reports required of banks.[HTML] [RTF]
G.S. 53C-8-4§ 53C-8-4. Examination by Commissioner.[HTML] [RTF]
G.S. 53C-8-5§ 53C-8-5. Examination of affiliates.[HTML] [RTF]
G.S. 53C-8-6§ 53C-8-6. Access to books and records; right to issue subpoenas, administer oaths, and examine witnesses.[HTML] [RTF]
G.S. 53C-8-7§ 53C-8-7. Examiner making false report.[HTML] [RTF]
G.S. 53C-8-8§ 53C-8-8. Examiner disclosing confidential information.[HTML] [RTF]
G.S. 53C-8-9§ 53C-8-9. Loans or gratuities forbidden.[HTML] [RTF]
G.S. 53C-8-10§ 53C-8-10. Willfully and maliciously making derogatory reports.[HTML] [RTF]
G.S. 53C-8-11§ 53C-8-11. Misapplication, embezzlement of funds.[HTML] [RTF]
G.S. 53C-8-12§ 53C-8-12. Enforcement of the banking laws.[HTML] [RTF]
G.S. 53C-8-13§ 53C-8-13. Immediate action orders.[HTML] [RTF]
G.S. 53C-8-14§ 53C-8-14. Supervisory control.[HTML] [RTF]
G.S. 53C-8-15§ 53C-8-15. Removal of directors, officers, and employees.[HTML] [RTF]
G.S. 53C-8-16§ 53C-8-16. Emergency powers.[HTML] [RTF]
G.S. 53C-8-17§ 53C-8-17. Interstate regulatory agreements.[HTML] [RTF]
Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation. [HTML] [RTF]
G.S. 53C-9-101§ 53C-9-101. Supervisory combinations.[HTML] [RTF]
G.S. 53C-9-102§ 53C-9-102. Distributions; assignments restricted.[HTML] [RTF]
G.S. 53C-9-103§ 53C-9-103. Cancellation of charter.[HTML] [RTF]
G.S. 53C-9-201§ 53C-9-201. Voluntary dissolution prior to receipt of charter.[HTML] [RTF]
G.S. 53C-9-202§ 53C-9-202. Voluntary dissolution.[HTML] [RTF]
G.S. 53C-9-203§ 53C-9-203. Voluntary dissolution and liquidation procedure.[HTML] [RTF]
G.S. 53C-9-301§ 53C-9-301. Receivership.[HTML] [RTF]
G.S. 53C-9-401§ 53C-9-401. Statute relating to receivers applicable to insolvent banks.[HTML] [RTF]
G.S. 53C-9-402§ 53C-9-402. Storage and destruction of records.[HTML] [RTF]
G.S. 53C-9-403§ 53C-9-403. Authority to serve as trustee terminated.[HTML] [RTF]
G.S. 53C-9-404§ 53C-9-404. Petition for new trustee; upon parties interested.[HTML] [RTF]
G.S. 53C-9-405§ 53C-9-405. Appointment of substitute trustee where no objection made.[HTML] [RTF]
G.S. 53C-9-406§ 53C-9-406. Hearing where objection made; appeal from order.[HTML] [RTF]
G.S. 53C-9-407§ 53C-9-407. Registration of final order.[HTML] [RTF]
G.S. 53C-9-408§ 53C-9-408. Petition and order applicable to all instruments involved.[HTML] [RTF]
G.S. 53C-9-409§ 53C-9-409. Additional remedy.[HTML] [RTF]
Article 10 - Bank Holding Companies. [HTML] [RTF]
G.S. 53C-10-101§ 53C-10-101. Holding companies.[HTML] [RTF]
G.S. 53C-10-102§ 53C-10-102. Holding company control transaction.[HTML] [RTF]
G.S. 53C-10-103§ 53C-10-103. Application regarding a control transaction.[HTML] [RTF]
G.S. 53C-10-104§ 53C-10-104. Public notice.[HTML] [RTF]
G.S. 53C-10-105§ 53C-10-105. Actions on control transaction applications.[HTML] [RTF]
G.S. 53C-10-106§ 53C-10-106. Appeal.[HTML] [RTF]
G.S. 53C-10-201§ 53C-10-201. Combination authority.[HTML] [RTF]
G.S. 53C-10-202§ 53C-10-202. Combination application and investigation.[HTML] [RTF]
G.S. 53C-10-203§ 53C-10-203. Decision on application.[HTML] [RTF]
G.S. 53C-10-204§ 53C-10-204. Appeal.[HTML] [RTF]
G.S. 53C-10-301§ 53C-10-301. Cease and desist order.[HTML] [RTF]
G.S. 53C-10-302§ 53C-10-302. Other control changes.[HTML] [RTF]
G.S. 53C-10-303§ 53C-10-303. Fees.[HTML] [RTF]

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