(a)        Article 2 of this Chapter shall not apply to applications for permission to organize an interim State savings bank so long as the application is approved by the Commissioner of Banks.

(b)        Preliminary approval of an application for permission to organize an interim State savings bank is conditional upon the Commissioner of Banks’ approval of an application to merge the interim savings bank and an existing stock savings bank or on the Commissioner of Banks’ approval of any other transaction. (1991, c. 680, s. 1; 2001-193, s. 16.)

Terms Used In North Carolina General Statutes 54C-46

  • 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