North Carolina General Statutes 53C-9-103. Cancellation of charter
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Terms Used In North Carolina General Statutes 53C-9-103
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
Whenever a combination, dissolution, or other transaction occurs by which a bank ceases to exist or ceases to be eligible for a charter, the Commissioner shall by order cancel the bank’s charter and shall publish the order in accordance with N.C. Gen. Stat. § 53-1-4(59). A copy of the order shall be filed by the Commissioner with the Secretary of State. The bank shall continue to exist under Chapter 55 of the N.C. Gen. Stat. for the purpose of dissolving and liquidating its business and affairs. (2012-56, s. 4.)