N.C. Gen. Stat. § 53-224.21
Conditions for interstate merger prior to June 1, 1997
North Carolina · North Carolina General Statutes Chapter 53 — Chapter 53. · Status: effective
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- N.C. Gen. Stat. § 53-224.21, Conditions for interstate merger prior to June 1, 1997, North Carolina, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1313428
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Full text
Conditions for interstate merger prior to June 1, 1997. An interstate merger transaction prior to June 1, 1997, involving a North Carolina bank shall not be consummated, and any out-of-state bank resulting from such a merger shall not operate any branch in North Carolina, unless the laws of the home state of each out-of-state bank involved in the interstate merger transaction permit North Carolina banks under substantially the same terms and conditions as are set forth in Part 3 to acquire banks and establish and maintain branches in that state by means of interstate merger transactions. (1995, c. 322, s. 2; 1995 (Reg. Sess., 1996), c. 742, s. 22.)