Joint Legislative Study Commission on the Modernization of North Carolina Banking Laws (2011) : report to the 2012 session of the 2011 General Assembly of North Carolina. - Page 86 |
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issued, or done. Notwithstanding any other provision of law, any aggrieved party to a
decision of the Banking Commission shall be entitled to petition for judicial review
pursuant to "
SECTION 1.4. G.S. 53-215 reads as rewritten:
"$ 53-21.5. Appeal of Commissioner's decision.
Any aggrieved party in a proceeding under
G.S.53-10-102. or may, within 20 days after final
decision of the Commissioner, appeal in writing any decision to the State Banking
Commission. An appeal under this section shall be made pursuant to GS-53-92{d)r
G.S.53-2-6. Notwithstanding any other provision of law, any aggneved party to a
decision of the State Banking Commission shall be entitled to petition for judicial
reviewpursuanttoffi"
SECTION 15. G.S. 53-2t7 reads as rewritten:
"S 53-217. Enforcement.
The Commissioner shall have the power to enforce the provisions of this Article
through an action in any court of this State or any other state or in any court of the
United States, as provided in for the purpose
of obtaining an appropriate remedy for violation of any provision of this A#ielq
itt
SECTION 16. G.S. 53-224.11(b) reads as rewritten:
(b) A North Carolina State bank desiring to establish and maintain a branch in
another state under this section shall file an application on a form prescribed by the
If the Commissioner finds that the applicant has the
financial resources sufficient to undertake the proposed expansion without adversely
affecting its safety or soundness and that the establishment of the proposed branch is in
the public interest, the Commissioner may approve the application. In acting on the
application, the Commissioner shall consider the views of the appropriate bank
supervisory agencies. The applicant bank may establish the branch when it has received
the written approval of the Commissioner."
SECTION 17. G.S. 53-224.18 reads as rewritten:
"S 53-224.1.8. Authority of State banks to establish interstate branches by merger.
With the prior approval of the Commissioner, a North Carolina State bank may
establish, maintain, and operate one or more branches in a state other than North
Carolina pursuant to an interstate merger transaction in which the North Carolina State
bank is the resulting bank. Not later than the date on which the required application for
the interstate merger transaction is filed with the responsible federal bank supervisory
agency, the applicant North Carolina State bank shall file an application on a form
prescribed by the
The applicant shall also comply with the applicable
provisions of If the Commissioner
finds that (i) the proposed transaction will not be detrimental to the safety and
soundness of the applicant or the resulting bank, (ii) any new officers and directors of
the resulting bank are qualified by character, experience, and financial responsibility to
direct and manage the resulting bank, and (iii) the proposed merger is consistent with
Joint Legislative Study Commission on the Modernization of North Carolina Banking Laws
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(20r1) Page 86
Object Description
Description
| Title | Joint Legislative Study Commission on the Modernization of North Carolina Banking Laws (2011) : report to the 2012 session of the 2011 General Assembly of North Carolina. - Page 86 |
| Full Text | 1 2 3 4) 6 7 8 9 10 11 t2 13 t4 15 16 17 18 T9 20 2l 22 23 24 25 26 27 28 29 30 31 32 33 issued, or done. Notwithstanding any other provision of law, any aggrieved party to a decision of the Banking Commission shall be entitled to petition for judicial review pursuant to " SECTION 1.4. G.S. 53-215 reads as rewritten: "$ 53-21.5. Appeal of Commissioner's decision. Any aggrieved party in a proceeding under G.S.53-10-102. or may, within 20 days after final decision of the Commissioner, appeal in writing any decision to the State Banking Commission. An appeal under this section shall be made pursuant to GS-53-92{d)r G.S.53-2-6. Notwithstanding any other provision of law, any aggneved party to a decision of the State Banking Commission shall be entitled to petition for judicial reviewpursuanttoffi" SECTION 15. G.S. 53-2t7 reads as rewritten: "S 53-217. Enforcement. The Commissioner shall have the power to enforce the provisions of this Article through an action in any court of this State or any other state or in any court of the United States, as provided in for the purpose of obtaining an appropriate remedy for violation of any provision of this A#ielq itt SECTION 16. G.S. 53-224.11(b) reads as rewritten: (b) A North Carolina State bank desiring to establish and maintain a branch in another state under this section shall file an application on a form prescribed by the If the Commissioner finds that the applicant has the financial resources sufficient to undertake the proposed expansion without adversely affecting its safety or soundness and that the establishment of the proposed branch is in the public interest, the Commissioner may approve the application. In acting on the application, the Commissioner shall consider the views of the appropriate bank supervisory agencies. The applicant bank may establish the branch when it has received the written approval of the Commissioner." SECTION 17. G.S. 53-224.18 reads as rewritten: "S 53-224.1.8. Authority of State banks to establish interstate branches by merger. With the prior approval of the Commissioner, a North Carolina State bank may establish, maintain, and operate one or more branches in a state other than North Carolina pursuant to an interstate merger transaction in which the North Carolina State bank is the resulting bank. Not later than the date on which the required application for the interstate merger transaction is filed with the responsible federal bank supervisory agency, the applicant North Carolina State bank shall file an application on a form prescribed by the The applicant shall also comply with the applicable provisions of If the Commissioner finds that (i) the proposed transaction will not be detrimental to the safety and soundness of the applicant or the resulting bank, (ii) any new officers and directors of the resulting bank are qualified by character, experience, and financial responsibility to direct and manage the resulting bank, and (iii) the proposed merger is consistent with Joint Legislative Study Commission on the Modernization of North Carolina Banking Laws 34 35 36 37 38 39 40 4l 42 43 44 45 (20r1) Page 86 |
