(a) A person seeking approval to acquire control of a State trust company shall file
with the Commissioner:
(1) An application in the form required by the Commissioner;
(2) Any filing fee required by rule; and
(3) All information required by rule or that the Commissioner requires in connection
with a particular application in order to make an informed decision to approve or
reject the proposed acquisition of control.
(b) If any group of individuals or entities acting in concert seek approval to acquire
control, the information the Commissioner may require under the provisions of this
Subpart may be required of each member of the group.
(c) Notwithstanding any laws to the contrary, information bearing on the character
or information about the personal finances of an existing or proposed shareholder
of a State trust company or other individual is confidential and not subject to public
(d) If a person seeking approval to acquire control is not a North Carolina resident,
a North Carolina corporation, or an out-of-state corporation qualified to do business
in this State, the Commissioner may require the person to appoint a resident agent
for service of process.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.