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Prohibited distributions, acquisitions, liens, or pledges.

G.S. 53-343
in effect
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§ 53-343.  Prohibited distributions, acquisitions, liens, or pledges. A State trust company shall not make any distribution to its shareholders, acquire its own shares, acquire a lien upon its own shares, or pledge its own assets while an order of the Commissioner prohibiting such distributions, acquisitions, liens, or pledges is in effect. (2001-263, s. 1.)
Source: North Carolina General Assembly (ncleg.gov)URL: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_53/GS_53-343.htmlFetched: 10/19/2026

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