04 NCAC 16J .0103. WAIVER

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The Administrator may waive or alter any or all of the requirements set forth in this Subchapter upon finding that such waiver would be in the best interest of the members or stockholders of the merging depository institutions consistent with G.S. 54B‑35 or 54C‑35 by assuring the safe and sound operation of the resulting institution, or when the application of any rule would have an unintended negative impact upon the public or a depository institution.

History Note: Filed as a Temporary Amendment Eff. October 2, 1991 for a period of 180 days to expire on

March 31, 1992;

Filed as a Temporary Rule Eff. July 30, 1982, for a period of 120 days to expire on

November 26, 1982;

Statutory Authority G.S. 54B‑39; 54C‑39; 54C‑53;

Eff. October 1, 1982;

Amended Eff. February 15, 1992.

                    
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