§ 54B-48.1 Title
§ 54B-48.2 Definitions
§ 54B-48.3 Acquisitions by Southern Region savings and loan holding companies and Southern Region associations
§ 54B-48.4 Exceptions
§ 54B-48.5 Prohibitions
§ 54B-48.6 Applicable laws, rules and regulations
§ 54B-48.7 Appeal of Commissioner of Banks’ decision
§ 54B-48.8 Periodic reports; interstate agreements
§ 54B-48.9 Enforcement

Terms Used In North Carolina General Statutes > Chapter 54B > Article 3A - North Carolina Regional Reciprocal Savings and Loan Acquisition Act

  • 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.
  • Application: means the completed package of the application to organize a State association, establish a branch office or conversion of structure of a savings and loan association which the Commissioner of Banks considers in making his recommendation. See North Carolina General Statutes 54B-4
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Association: means a mutual or capital stock savings and loan association, building and loan association or savings bank chartered under the laws of any one of the states or under the laws of the United States. See North Carolina General Statutes 54B-48.2
  • Branch office: means any office at which an association accepts deposits. See North Carolina General Statutes 54B-48.2
  • Capital stock: means securities which represent ownership of a stock association. See North Carolina General Statutes 54B-4
  • Commissioner: means the Commissioner of Banks authorized pursuant to Article 2 of Chapter 53C of the General Statutes. See North Carolina General Statutes 54B-4
  • Commissioner of Banks: means the Commissioner of Banks. See North Carolina General Statutes 54B-48.2
  • Company: means that which is set forth in the Federal Savings and Loan Holding Company Act, 12 U. See North Carolina General Statutes 54B-48.2
  • Control: means that which is set forth in the Federal Savings and Loan Holding Company Act, 12 U. See North Carolina General Statutes 54B-48.2
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deposits: means all demand, time, and savings deposits, without regard to the location of the depositor: Provided, however, that "deposits" shall not include any deposits by associations. See North Carolina General Statutes 54B-48.2
  • 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
  • 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.
  • Members: means withdrawable account holders and borrowers in a State mutual association. See North Carolina General Statutes 54B-4
  • North Carolina association: means an association organized under the laws of the State of North Carolina or under the laws of the United States and that:

    North Carolina General Statutes 54B-48.2

  • Southern Region savings and loan holding company: means a savings and loan holding company that: