Before establishing or acquiring and maintaining a trust office in this State, an
out-of-state trust institution shall provide, or cause its home state regulator to
provide, notice to the Commissioner, in the form required by the Commissioner, along
with copies of any applications, notices, or similar filings made with the home state
regulator regarding the trust office. The notice shall be preceded or accompanied by:
(1) Evidence satisfactory to the Commissioner of compliance by the out-of-state trust
institution with all applicable requirements of Article 15 of Chapter 55 of the General Statutes;
(2) Evidence satisfactory to the Commissioner of compliance by the out-of-state trust
institution with any applicable requirements of its home state regulator for maintenance
of capital, for expansion within the borders of the home state, and for acquiring
or establishing and maintaining each trust office in this State;
(3) Evidence satisfactory to the Commissioner that the out-of-state trust institution
is not in a hazardous condition;
(4) Unless waived by the Commissioner, a copy of the resolution adopted by the board
of directors of the out-of-state trust institution (or similar governing body or a
duly-authorized committee thereof) authorizing the trust office; and
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