04 NCAC 16C .0305. PURCHASE OF BRANCH

Latest version.

No savings institution shall purchase a branch office without first obtaining the written approval of the Commissioner of Banks. The savings institution shall furnish such information as to the purchase as the Commissioner of Banks may prescribe as set out in these Rules.

History Note: Authority G.S. 54B-22; 54B-55; 54C-24; 54C-53;

Eff. July 1, 1990;

Temporary Amendment Eff. October 2, 1991 for a period of 180 days to expire on March 31, 1992;

Amended Eff. December 1, 2011; February 15, 1992.

                    
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