§ 53C-2-1 The Commission
§ 53C-2-2 The Commissioner
§ 53C-2-3 The Office of the Commissioner of Banks
§ 53C-2-4 Administration of the Office of the Commissioner of Banks
§ 53C-2-5 Rule making
§ 53C-2-6 Hearings and appeals
§ 53C-2-7 Official record

Terms Used In North Carolina General Statutes > Chapter 53C > Article 2

  • Affiliate: A person that, directly or indirectly, controls, is controlled by, or is under common control with another person. See North Carolina General Statutes 53C-1-4
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bank: Any corporation, other than a credit union, savings institution, or trust company, that is organized under the laws of this State and is engaged in the business of receiving deposits (other than trust funds), paying monies, and making loans. See North Carolina General Statutes 53C-1-4
  • Banking laws: All laws which the Commissioner or the OCOB is authorized to enforce under any applicable statute. See North Carolina General Statutes 53C-1-4
  • Board of directors: A governing board of a company that is responsible for policy, oversight, and compliance. See North Carolina General Statutes 53C-1-4
  • Combination: A merger, share exchange, or transfer or acquisition of all or substantially all assets and liabilities of a person undertaken in compliance with such federal laws and laws of this State or other states as may be applicable. See North Carolina General Statutes 53C-1-4
  • Commission: The State Banking Commission provided for in G. See North Carolina General Statutes 53C-1-4
  • Commissioner: The Commissioner of Banks provided for in G. See North Carolina General Statutes 53C-1-4
  • Company: A corporation, limited liability company, partnership, joint venture, business trust, trust, syndicate, association, unincorporated organization, or other form of business entity. See North Carolina General Statutes 53C-1-4
  • Control: The possession, directly or indirectly, of the power or right to direct or to cause the direction of the management or policies of a person by reason of an agreement, understanding, proxy, or power of attorney or through the ownership of or voting power over ten percent (10%) or more of any class of the voting securities of the person. See North Carolina General Statutes 53C-1-4
  • Control transaction: The acquisition of control over a bank or a holding company other than pursuant to a combination. See North Carolina General Statutes 53C-1-4
  • Depository institution: A bank, out-of-state bank, savings institution, or federally chartered institution, the deposits of which are insured by the FDIC. See North Carolina General Statutes 53C-1-4
  • Deputy commissioner: An individual appointed by the Commissioner to such office as provided by G. See North Carolina General Statutes 53C-1-4
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Distribution: With respect to a bank, "distribution" has the same meaning as set forth in Chapter 55. See North Carolina General Statutes 53C-1-4
  • Docket: A log containing brief entries of court proceedings.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • Examination: A supervisory inspection of a bank, a proposed bank, a holding company, or a branch of an out-of-state bank operating in this State that may include inspection of all relevant information, including information of or about the subsidiaries and affiliates of the bank, proposed bank holding company, or branch. See North Carolina General Statutes 53C-1-4
  • Federally chartered institution: A national bank or federal savings association. See North Carolina General Statutes 53C-1-4
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • Holding company: A company that controls a depository institution or that controls a company that directly or indirectly controls a depository institution. See North Carolina General Statutes 53C-1-4
  • in writing: may be construed to include printing, engraving, lithographing, and any other mode of representing words and letters: Provided, that in all cases where a written signature is required by law, the same shall be in a proper handwriting, or in a proper mark. See North Carolina General Statutes 12-3
  • Individual: A human being. See North Carolina General Statutes 53C-1-4
  • Joint resolution: A legislative measure which requires the approval of both chambers.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • North Carolina financial institution: A bank, savings institution, or trust company organized under the laws of this State. See North Carolina General Statutes 53C-1-4
  • OCOB: The Office of the Commissioner of Banks as provided in G. See North Carolina General Statutes 53C-1-4
  • Person: An individual, a company, or a group of persons who are acting in concert. See North Carolina General Statutes 53C-1-4
  • Practical banker: An individual who at the time of appointment to the Commission is, or has been during the five years preceding the appointment, a president, chief executive officer, director, or holder of five percent (5%) or more of any class of voting securities of a North Carolina financial institution. See North Carolina General Statutes 53C-1-4
  • President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.
  • property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Quorum: The number of legislators that must be present to do business.
  • Record: Information, reports, memoranda, charts, letters, messages, extracts, summaries, analyses, compilations, transaction documentation, account statements, financial statements, and other documents, including customer financial and other information, whether created, transmitted, distributed, retained, or stored in tangible or digital form. See North Carolina General Statutes 53C-1-4
  • seal: shall be construed to include an impression of such official seal, made upon the paper alone, as well as an impression made by means of a wafer or of wax affixed thereto. See North Carolina General Statutes 12-3
  • State: Any state of the United States, the District of Columbia, or any territory of the United States other than this State. See North Carolina General Statutes 53C-1-4
  • Subpoena: A command to a witness to appear and give testimony.
  • Trust institution: Any company lawfully acting as a fiduciary in a state or in a foreign country. See North Carolina General Statutes 53C-1-4
  • United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3