North Carolina Administrative Code (Last Updated: November 13, 2014) |
TITLE 04. COMMERCE |
CHAPTER 16. SAVINGS INSTITUTIONS DIVISION, SAVINGS INSTITUTIONS COMMISSION |
SUBCHAPTER D. OPERATION OF SAVINGS ASSOCIATIONS |
04 NCAC 16D .0502. HOLDING OF CERTIFICATE OR PASSBOOK
Latest version.
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An unpledged savings certificate or passbook shall not be held by an association for the convenience of an account holder or otherwise unless properly controlled.
History Note: Authority G.S. 54B‑55; 54B‑121;
Eff. August 31, 1981.