North Carolina General Statutes 54B-267. Establishment of branches by out-of-state associations
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Terms Used In North Carolina General Statutes 54B-267
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Branch: means a full-service office of an association through which it renders a savings and loan service other than its principal office. See North Carolina General Statutes 54B-266
Any out-of-state association that meets the requirements of this Article may establish a branch within North Carolina either by (i) de novo entry; (ii) the purchase of an existing branch; (iii) the purchase of all or substantially all of the assets of a State association located in North Carolina; or (iv) merger or consolidation. (1993, c. 191, s. 2.)