North Carolina General Statutes 53-310. Offices of State trust companies
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Terms Used In North Carolina General Statutes 53-310
- 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
(a) A State trust company may engage in trust business or trust marketing through its principal office and through each trust office as permitted by this Part.
(b) A State trust company may engage in trust marketing through a representative trust office as permitted by this Part.
(c) A State trust company may engage in trust business and trust marketing through out-of-state trust offices or representative trust offices to the same extent permitted for trust institutions located in the host state through which those out-of-state trust offices or representative trust offices are located, subject to the laws of this State and as provided by rules, orders, or declaratory rulings of the Commissioner. (2001-263, s. 1; 2005-269, s. 6.)