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North Carolina General Statutes Chapter 53C. Regulation of Banks § 53C-10-103. Application regarding a control transaction

Current as of January 01, 2023 | Updated by FindLaw Staff

(a) A person seeking approval of a control transaction to which a holding company of a bank is a party under this Article shall file the following with the Commissioner:

(1) An application in the form prescribed by the Commissioner.

(2) All filing fees required by rule of the Commissioner.

(3) Any other information required by a rule of the Commissioner or deemed by the Commissioner to achieve the objectives of this Chapter.

(b) In the event a person submitting an application is a group of persons, the Commissioner may require each member of the group to submit information relevant to the application.

(c) Notwithstanding any laws to the contrary, information about the character, competence, or experience of an acquiring person or its proposed management personnel or affiliates shall be deemed a confidential record of the Commissioner subject to G.S. 53C-2-7(b).

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 53C. Regulation of Banks § 53C-10-103. Application regarding a control transaction - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-53c-regulation-of-banks/nc-gen-st-sect-53c-10-103/

Read this complete North Carolina General Statutes Chapter 53C. Regulation of Banks § 53C-10-103. Application regarding a control transaction on Westlaw. Westlaw subscription required.

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