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North Carolina General Statutes Chapter 53 > Article 24 - Trust Companies and Interstate Trust Business

North Carolina General Statutes > Chapter 53 > Article 24 - Trust Companies and Interstate Trust Business


Current as of: 2010
§ 53-301Definitions
§ 53-302Title and purposes
§ 53-303Companies authorized to engage in trust business
§ 53-304Activities not requiring a charter, license, or approval
§ 53-305Trust business of State trust institution
§ 53-306Trust business of out-of-state trust institution
§ 53-307Trust business of foreign trust institution
§ 53-308Name of trust institution
§ 53-309Trust deposits of authorized trust institutions
§ 53-310Offices of State trust companies
§ 53-311State trust company principal office
§ 53-312Trust offices; representative trust offices
§ 53-313Out-of-state trust offices and representative trust offices
§ 53-314Trust business through a branch or trust office
§ 53-315Establishing an interstate trust office
§ 53-316Acquiring an interstate trust office
§ 53-317Requirement of notice
§ 53-318Action on notice
§ 53-319Additional trust offices; representative trust offices
§ 53-320Examinations; periodic reports; cooperative agreements; assessment of fees
§ 53-321Enforcement
§ 53-322Notice of transactions that cause a change in control
§ 53-323Foreign trust institution application for trust office or representative trust office
§ 53-324Conditions for approval
§ 53-325Additional trust offices and representative trust offices
§ 53-326Examinations; periodic reports; cooperative agreements; assessment of fees
§ 53-327Enforcement
§ 53-328Notice of transactions that cause a change in control
§ 53-329International agreements
§ 53-330Title and purposes
§ 53-331Organization and powers of State trust company
§ 53-332Articles of incorporation of State trust company
§ 53-333Application for State trust company charter and permission to incorporate State trust company
§ 53-334Notice and investigation of charter application
§ 53-335Decision on charter application and hearing
§ 53-336Issuance of charter
§ 53-337Required initial capital
§ 53-338Subordinated notes or debentures
§ 53-339Application of laws relating to general business corporations
§ 53-340Investment in State trust company facilities
§ 53-341Other real estate
§ 53-342Securities and other investments
§ 53-343Prohibited distributions, acquisitions, liens, or pledges
§ 53-344Subsidiaries
§ 53-345Engaging in commerce prohibited
§ 53-346Lending and lease financing; conversion to State bank
§ 53-347Acquisition of control
§ 53-348Application regarding acquisition of control
§ 53-349Decision on acquisition of control
§ 53-350Appeal
§ 53-351Report of changes in chief executive officer or directors
§ 53-352Board of directors
§ 53-353Required board meetings
§ 53-354Officers
§ 53-355Certain criminal offenses
§ 53-356Responsibility of directors
§ 53-357Record keeping
§ 53-358Bonding requirements; reports of apparent crime
§ 53-359Merger, share exchange, or asset transfer authority
§ 53-360Merger, share exchange, or asset transfer application
§ 53-361Notice and investigation of merger, share exchange, or asset transfer; decision, hearing, and appeal
§ 53-362Rights of dissenters to mergers, share exchanges, or asset transfers
§ 53-363Private trust companies
§ 53-364Requirements to apply for and maintain status as a private trust company
§ 53-365Conversion to public trust company
§ 53-366Applicability of other laws to authorized trust institutions; status of State trust company
§ 53-367Commissioner shall have supervision over authorized trust institutions and shall examine
§ 53-368Assessment of State trust companies
§ 53-369Administrative orders; penalties for violation; increase of equity capital
§ 53-370Notice and opportunity for hearing
§ 53-371Removal of directors, officers, and employees
§ 53-372Required vote of shareholders
§ 53-373Corporate procedure
§ 53-374Authority to liquidate; publication
§ 53-375Examination and reports
§ 53-376Unclaimed property
§ 53-377When Commissioner may take charge
§ 53-378Directors may act
§ 53-379Notice of seizure; bar to attachment of liens
§ 53-380Notice to trust institutions, corporations, and others holding assets; existing liens
§ 53-381Permission to resume business
§ 53-382Remedy for seizure; answer to notice; injunction; appeal; and motions
§ 53-383Collection of debts and claims; Commissioner succeeds to all property of the State trust company
§ 53-384Bond of the Commissioner; surety; condition; minimum penalty
§ 53-385Inventory
§ 53-386Notice and time for filing claims
§ 53-387Power to reject claims; notice; affidavit of service; action on claims
§ 53-388List of claims presented, copies, and proviso
§ 53-389Declaration of dividends; order of preference in distribution
§ 53-390Deposit of funds collected
§ 53-391Employment of counsel, accountants, and other experts; compensation
§ 53-392Unclaimed dividends held in trust
§ 53-393Action by the Commissioner following full settlement
§ 53-394Annual report of the Commissioner; items included; reports of condition of State trust companies
§ 53-395Compensation of the Commissioner's office
§ 53-396Exclusive method of liquidation
§ 53-397Disposition of books and records
§ 53-398Destruction of books and records
§ 53-399Petition for new trustee
§ 53-400Report to the Secretary of State
§ 53-401Provisions for conservator; duties and powers
§ 53-402Examination
§ 53-403Termination of conservatorship
§ 53-404Rights and liabilities of conservator
§ 53-405Naming of conservator not liquidation
§ 53-406Sale of assets by board of jeopardized State trust company
§ 53-407Authority to act as disbursing agent
§ 53-408Payment to creditors
§ 53-409Issuance of preferred shares by jeopardized trust company
§ 53-410Commissioner to act under authority of the Commission
§ 53-411Rules
§ 53-412Commissioner hearings; appeals
§ 53-413Civil enforcement
§ 53-414Cancellation of charter
§ 53-415Severability
§ 53-420Affiliate transfers authorized; procedure
§ 53-421Objection to affiliate transfer
§ 53-422Effect of affiliate transfer
§ 53-423Trust institution as agent
§ 53-424Construction

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Questions & Answers: Trusts

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North Carolina Laws: Trusts

North Carolina General Statutes Chapter 32 - Fiduciaries
North Carolina General Statutes > Chapter 33B - North Carolina Uniform Custodial Trust Act
North Carolina General Statutes Chapter 36C - North Carolina Uniform Trust Code
North Carolina General Statutes > Chapter 36E - Uniform Prudent Management of Institutional Funds Act
North Carolina General Statutes Chapter 37A - Uniform Principal and Income Act
North Carolina General Statutes Chapter 53 > Article 24 - Trust Companies and Interstate Trust Business

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