North Carolina General Statutes 54C-205. Powers
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Terms Used In North Carolina General Statutes 54C-205
- Branch: means a full service office of a savings bank through which it renders a savings bank service other than its principal office. See North Carolina General Statutes 54C-200
- Home state: means (i) as to a state-chartered savings bank, the state which granted the savings bank its charter, and (ii) as to a federal savings bank, the state in which the savings bank has its principal office. See North Carolina General Statutes 54C-200
- Savings bank: means a state savings bank or a federal savings bank, unless limited by use of the words "State" or "federal". See North Carolina General Statutes 54C-200
- 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
- State savings bank: means a depository institution chartered under the laws of this State. See North Carolina General Statutes 54C-200
- Supervisor: means the state savings bank supervisor or equivalent state official having primary regulatory authority over an out-of-state savings bank. See North Carolina General Statutes 54C-200
An out-of-state savings bank that establishes a branch in North Carolina may engage in all the activities authorized by North Carolina law for a State savings bank except to the extent that such activities have been expressly prohibited by the state supervisor of the out-of-state savings bank or the laws of the out-of-state savings bank’s home state. (1993, c. 191, s. 3.)