reglab/housing_qa huggingface dataset:
NC Gen Stat § 54C-143 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 7 - Loans and Investments.|§ 54C-143 - Commercial lending.

 54C-143. Commercial lending.A savings bank may lend and invest in commercial loans in an aggregate amount that either (i) does not exceed fifteen percent (15%) of its total assets; or (ii) equals a percentage of its total assets greater than fifteen percent (15%), if approved by the Commissioner of Banks upon written request of the savings bank. In considering a request for an increased limit, the Commissioner of Banks shall take into consideration the commercial lending expertise of the management and the overall risk profile of the savings bank making the request. For the purposes of this section, "commercial loan" means a loan for business, commercial, corporate, or agricultural purposes. (1991, c. 680, s. 1; 1999-179, s. 3; 2001-193, s. 16.)
NC Gen Stat § 54C-144 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 7 - Loans and Investments.|§ 54C-144 - Service corporations.

 54C-144. Service corporations.(a) A savings bank or group of savings banks or associations may establish service corporations under Chapter 55 of the General Statutes, provided that the Commissioner of Banks receives copies of the proposed articles of incorporation and bylaws for approval, before filing them with the Secretary of State. A savings bank may also invest in the capital stock, obligations, or other securities of existing service corporations.(b) No savings bank may make any investment in service corporations if its aggregate investment would exceed ten percent (10%) of its total assets.(c) A service corporation is subject to audit and examination by the Commissioner of Banks, and the service corporation shall pay the cost of examination.(d) The permitted activities of a service corporation shall be described in the rules adopted by the Commissioner of Banks.(e) The location of the principal and branch offices of a service corporation shall be approved by the Commissioner of Banks. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-145 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 7 - Loans and Investments.|§ 54C-145 - Parity in loans or investments.

 54C-145. Parity in loans or investments.Subject to any limitations and restrictions as the Commissioner of Banks may prescribe through rules, a savings bank may make any loan or investment, or engage in any activity, which may be permitted under State law for banks or under the laws of the United States for federal associations or national banks whose principal offices are located within this State. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-146 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 7 - Loans and Investments.|§ 54C-146 - Certain powers granted to State savings banks.

 54C-146. Certain powers granted to State savings banks.(a) In addition to the powers granted under this Chapter, but subject to any rules that the Commissioner of Banks may prescribe, a savings bank incorporated or operated under this Chapter may:(1) Establish off the premises of any principal office or branch a customer communications terminal, point of sale terminal, automated teller machine, automated or other direct or remote information processing device or machine, whether manned or unmanned, through or by means of which funds or information relating to any financial service or transaction rendered to the public is stored and transmitted, instantaneously or otherwise to or from a savings bank terminal or terminals controlled or used by or with other parties. The establishment and use of a device or machine is not deemed to constitute a branch office, and the capital requirements and standards for approval of a branch office as set forth in the statutes and regulations are not applicable to the establishment of any off-premises terminal, device or machine. Savings banks may, through mutual consent, share on-premises, unmanned, automated teller machines and cash dispensers.(2) Issue credit cards, extend credit in connection therewith, and otherwise engage in or participate in credit card operations.(3) Act as a trustee, executor, administrator, guardian, or in any other fiduciary capacity.(4) Become a member of a clearing house association and pledge assets required for its qualification.(5) a. Mutual capital certificates may be issued by State-chartered savings banks and sold directly to subscribers or through underwriters, and the certificates shall constitute part of the general reserve and net worth of the issuing savings bank. The Commissioner of Banks, in the rules relating to the issuance and sale of mutual capital certificates, shall provide that the certificates:1. Are subordinate to all savings accounts, savings certificates, and debt obligations;2. Constitute a claim in liquidation on the general reserves, surplus and undivided profits of the savings bank remaining after the payment of all savings accounts, savings certificates, and debt obligations;3. Are entitled to the payment of dividends; and4. May have a fixed or variable dividend rate.b. The Commissioner of Banks shall provide in the rules for charging losses to the mutual capital, reserves, and other net worth accounts.(b) To the extent that the Commissioner of Banks may authorize by rules, a savings bank may issue notes, bonds, debentures, or other obligations or securities. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-161 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-161 - Generally accepted accounting principles.

 54C-161. Generally accepted accounting principles.A savings bank shall maintain its books and records in accordance with generally accepted accounting principles. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-162 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-162 - Liquidity.

 54C-162. Liquidity.A savings bank shall maintain cash and readily marketable investments in an amount that may be established in the rules of the Commissioner of Banks, but the requirement shall not be less than ten percent (10%) of the assets of the savings bank. Upon receipt of a duly certified copy of the resolution by the board of directors of any savings bank requesting a temporary suspension, the Commissioner of Banks may suspend the liquidity requirement for a period not longer than six months. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-163 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-163 - Net worth requirement.

 54C-163. Net worth requirement.A savings bank shall maintain net worth in an amount that may be established in the rules of the Commissioner of Banks, but the requirement shall not be less than five percent (5%) of the assets of the savings bank. Upon receipt of a duly certified copy of a resolution by the board of directors of any savings bank requesting a temporary suspension, the Commissioner of Banks may suspend the net worth requirement for a period not longer than six months. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-164 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-164 - Deposit accounts.

 54C-164. Deposit accounts.(a) A savings bank may raise capital through the solicitation of deposits from any person, natural or corporate, except as restricted or limited by law, or by any rules that the Commissioner of Banks may prescribe.(b) A savings bank may receive deposits of funds upon any terms as the contract of deposit shall provide subject to withdrawals or to be paid upon checks of the depositor. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-168 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-168 - Collection of processing fee for returned checks.

 54C-168. Collection of processing fee for returned checks.Notwithstanding any other law, a savings bank may charge and collect a processing fee for checks on which payment has been refused by the payor depository institution. A savings bank may also collect a processing fee for checks drawn on that savings bank with respect to an account with insufficient funds. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-169 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-169 - Right of setoff on deposit accounts.

 54C-169. Right of setoff on deposit accounts.(a) A savings bank shall have a right of setoff, without further agreement or pledge, upon all deposit accounts owned by any member or customer to whom or upon whose behalf the savings bank has made an unsecured advance of money by loan. Upon default in the repayment or satisfaction thereof, the savings bank may cancel on its books all or any part of the deposit accounts owned by the member or customer, and apply the value of the accounts in payment of the obligation.(b) A savings bank that exercises the right of setoff provided in this section shall first give 30 days' notice to the member or customer that the right will be exercised. The accounts may be held or frozen, with no withdrawals permitted, during the 30-day notice period. The accounts may not be canceled and the value of the accounts may not be applied to pay the obligation until the 30-day period has expired without the member or customer having cured the default on the obligation. The amount of any member's or customer's interest in a joint account or other account held in the names of more than one person is subject to the right of setoff provided in this section.(c) This section is not exclusive, but shall be in addition to contract, common law, and other rights of setoff. Any other rights are not governed in any fashion by this section. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-170 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-170 - Minors as deposit account holders.

 54C-170. Minors as deposit account holders.(a) A savings bank may issue a deposit account to a minor as the sole and absolute owner, or as a joint owner, and receive payments, pay withdrawals, accept pledges and act in any other manner with respect to the account on the order of the minor with like effect as if the minor were of full age and legal capacity. Any payment to a minor is a discharge of the savings bank to the extent thereof. The account shall be held for the exclusive right and benefit of the minor, and any joint owners, free from the control of all persons, except creditors.(b) A savings bank may lease a safe deposit box to a minor and, with respect to the lease, may deal with the minor in all regards as if the minor were of full age and legal capacity. A minor entering a lease agreement with a savings bank under this subsection is bound by the terms of the agreement to the same extent as if the minor were of full age and legal capacity. (1991, c. 680, s. 1; 1991 (Reg. Sess., 1992), c. 829, s. 11.)
NC Gen Stat § 54C-171 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-171 - Deposit accounts as deposit of securities.

 54C-171. Deposit accounts as deposit of securities.Notwithstanding any restrictions or limitations contained in any law of this State, the deposit accounts of any State savings bank may be accepted by any agency, department, or official of this State in any case wherein the agency, department, or official acting in its official capacity requires that securities be deposited with the agency, department, or official. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-172 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-172 - New account books.

 54C-172. New account books.A new account book or certificate or other evidence of ownership of a deposit account may be issued in the name of the holder of record at any time, when requested by the holder or the holder's legal representative, upon proof satisfactory to the savings bank that the original account book or certificate has been lost or destroyed. The new account book or certificate shall expressly state that it is issued in lieu of the one lost or destroyed and that the savings bank shall in no way be liable thereafter on account of the original book or certificate. The savings bank may, in its bylaws, require indemnification against any loss that might result from the issuance of the new account book or certified certificate. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-173 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-173 - Transfer of deposit accounts.

 54C-173. Transfer of deposit accounts.The owner of a deposit account may transfer the owner's rights therein absolutely or conditionally to any other person eligible to hold the same, but the transfer may be made on the books of the savings bank only upon presentation of evidence of transfer satisfactory to the savings bank, and accompanied by the proper application for transfer by the transferor and transferee, who shall accept the account subject to the terms and conditions of the account contract, the bylaws of the savings bank, the certificate of incorporation of the savings bank, and all rules of the Commissioner of Banks. Notwithstanding the effectiveness of a transfer between the parties, the savings bank may treat the holder of record of a deposit account as the owner of the deposit account for all purposes, including payment and voting, in the case of a mutual savings bank, until the savings bank records the transfer and assignment. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-174 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-174 - Authority of power of attorney.

 54C-174. Authority of power of attorney.A savings bank may continue to recognize the authority of an individual holding a power of attorney in writing to manage or to make withdrawals, either in whole or in part, from the deposit account of a customer or member until the savings bank receives written or actual notice of death or of adjudication of incompetency of the member or revocation of the authority of the individual holding the power of attorney. Payment by the savings bank to an individual holding a power of attorney before receipt of the notice is a total discharge of the savings bank's obligation as to the amount so paid. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-175 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-175 - Days and hours of operation.

 54C-175. Days and hours of operation.A savings bank may operate on such days and during such hours, and may observe such holidays, as the savings bank's board of directors shall designate. (1991, c. 680, s. 1; 1995 (Reg. Sess., 1996), c. 556, s. 4.)
NC Gen Stat § 54C-176 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-176 - Power to borrow money.

 54C-176. Power to borrow money.A savings bank, in its certificate of incorporation or in its bylaws, may authorize the board of directors to borrow money, and the board of directors may, by resolution adopted by a vote of at least two-thirds of the entire board duly recorded in the minutes, authorize the officers of the savings bank to borrow money for the savings bank on any terms and conditions as the board may deem proper. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-177 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-177 - Authority to join federal reserve bank.

 54C-177. Authority to join federal reserve bank.A State savings bank may subscribe to the capital stock and become a member of a federal reserve bank. A savings bank shall continue to be subject to the supervision and examination required by the laws of this State, except that the Federal Reserve Board shall have the right, if it deems necessary, to make examinations; and the Commissioner of Banks may disclose to the Federal Reserve Board, or to the examiners duly appointed by it, all information in reference to the affairs of a savings bank that has become, or desires to become, a member of a federal reserve bank. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-178 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-178 - Regional reciprocal acquisitions.

 54C-178. Regional reciprocal acquisitions.State savings banks and holding companies thereof shall have the same powers to acquire and be acquired as State associations and their savings and loan holding companies under Article 3A of Chapter 54B of the General Statutes. For this purpose, the term "association" as used in Article 3A of Chapter 54B of the General Statutes shall include a State savings bank chartered under this Chapter, and the term "savings and loan holding company" shall include holding companies of State savings banks chartered under this Chapter. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-179 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-179 - Forced retirement of deposit accounts.

 54C-179. Forced retirement of deposit accounts.(a) A savings bank may, at any time that funds are on hand and available for this purpose, force the retirement of and redeem all or any portion of its deposit accounts that have not been pledged as security for loans. A savings bank may not redeem any fixed term deposit accounts that have not matured. The board of directors of the savings bank shall determine the number of and total amount of the deposit accounts to be retired.(b) A savings bank shall give at least 30 days' notice by certified mail to the last address of each holder of an affected deposit account. The redemption price of deposit accounts so retired is the full withdrawal value of the account, as determined on the last interest date, plus all interest on deposit accounts credited or paid as of the effective retirement date. Interest continues to accrue and be paid or credited by the savings bank to the deposit accounts to be retired through the effective retirement date.(c) Interest on the deposit accounts called for forced retirement ceases to accrue after the effective retirement date, if the required notice has been given properly, and if on the retirement date the funds necessary for payment have been set aside so as to be available. All rights with respect to those deposit accounts terminate after the effective retirement date, except for the right of the holder of the retired deposit account to receive the full redemption price.(d) A savings bank shall not redeem deposit accounts by forced retirement whenever it has on file applications for withdrawal or maturities that have not yet been acted upon and paid. (1991 (Reg. Sess., 1992), c. 829, s. 12.)
NC Gen Stat § 54C-180 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 8 - Operations.|§ 54C-180 - Savings promotion raffles.

 54C-180. Savings promotion raffles.A savings bank may offer a savings promotion raffle in which the sole consideration required for a chance of winning designated prizes is the deposit of a minimum specified amount of money in a savings account or other savings program offered by the savings bank. A savings bank shall maintain records sufficient to facilitate an audit of the savings promotion raffle, shall conduct the savings promotion raffle in a safe and sound manner, and shall fully disclose the terms and conditions of the promotion to account holders and prospective account holders of the savings bank.  (2019-173, s. 2(d).)
NC Gen Stat § 54C-195 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 9 - Holding Companies.|§ 54C-195 - Holding companies.

 54C-195. Holding companies.(a) Notwithstanding any other law, a stock savings bank may, simultaneously with its incorporation or conversion to a stock savings bank, provide for its ownership by a holding company. In the case of a conversion, members of the converting savings bank shall have the right to purchase capital stock of the holding company in lieu of capital stock of the converted savings bank in accordance with G.S. 54C-33(c)(6).(b) Notwithstanding any other law, a stock savings bank may reorganize its ownership, to provide for ownership by a holding company, upon adoption of a plan of reorganization by a favorable vote of not less than two-thirds of the members of the board of directors of the savings bank and approval of the plan of reorganization by the holders of not less than a majority of the issued and outstanding shares of stock of the savings bank. The plan of reorganization shall provide that (i) the resulting ownership is vested in a North Carolina corporation, (ii) all stockholders of the stock savings bank have the right to exchange shares, (iii) the exchange of stock is not subject to State or federal income taxation, (iv) stockholders not wishing to exchange shares are entitled to appraisal rights as provided under Article 13 of Chapter 55 of the General Statutes, and (v) the plan of reorganization is fair and equitable to all stockholders.(c) Notwithstanding any other law, a mutual savings bank may reorganize its ownership to provide for ownership by a holding company upon adoption of a plan of reorganization by favorable vote of not less than two-thirds of the members of the board of directors of the savings bank and approval of the plan of reorganization by a majority of the voting members of the savings bank. The plan of reorganization shall provide that (i) the resulting ownership is vested in a North Carolina corporation, (ii) the resulting ownership of one or more subsidiary savings banks is evidenced by stock shares, (iii) the substantial portion of the assets and all of the insured deposits and part or all of the other liabilities are transferred to one or more subsidiary savings banks, (iv) the reorganization is not subject to State or federal income taxation, and (v) the plan of reorganization is fair and equitable to all members of the savings bank.(d) A holding company may invest in any investment authorized by its board of directors, except as limited by regulations adopted by the Commissioner of Banks under this Article.(e) An entity that controls a stock savings bank, or acquires control of a stock savings bank, is a holding company.  (1991, c. 680, s. 1; 2001-193, s. 16; 2011-347, s. 4.)
NC Gen Stat § 54C-196 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 9 - Holding Companies.|§ 54C-196 - Supervision of holding companies.

 54C-196. Supervision of holding companies.Holding companies are under the supervision of the Commissioner of Banks. The Commissioner of Banks shall exercise all powers and responsibilities with respect to holding companies which the Commissioner of Banks exercises with respect to savings banks. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-199 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 10 - Savings Bank Interstate Branches.|§ 54C-199 - Title.

 54C-199. Title.This Article shall be known and may be cited as the North Carolina Savings Bank Interstate Branch Act. (1993, c. 191, s. 3.)