reglab/housing_qa huggingface dataset:
NC Gen Stat § 54C-14 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 2 - Incorporation and Organization.|§ 54C-14 - Grounds for approval or denial of application.

 54C-14. Grounds for approval or denial of application.(a) After consideration of the findings, recommendations, and any oral testimony of the Commissioner of Banks, and the consideration of any other information and evidence, either written or oral, as has come before it at the public hearing, the Commission shall approve or disapprove the application within 30 days after the public hearing. The Commission shall approve the application if it finds that the certificate of incorporation is in compliance with G.S. 54C-10 and that there is compliance with all the criteria set out in G.S. 54C-12, the remainder of this Chapter, rules, and the General Statutes.(b) If the Commission approves the application, the Commissioner of Banks shall notify the Secretary of State with a certificate of approval, accompanied by the original of the certificate of incorporation and the two conformed copies.(c) Upon receipt of the certificate of approval, the original of the certificate of incorporation, and the two conformed copies and upon the payment by the newly chartered savings bank of the appropriate organization tax and fees, the Secretary of State shall file the certificate of incorporation in accordance with G.S. 55-1-20. The Secretary of State shall certify, under official seal, the two conformed copies of the certificate of incorporation, one of which shall be forwarded immediately to the original incorporators or their representatives, the other of which shall be forwarded to the office of the Commissioner of Banks for filing. Upon the recordation of the certificate of incorporation by the Secretary of State, the savings bank is a body politic and corporate under the name stated in the certificate, and may begin the savings bank business when duly licensed by the Commissioner of Banks.(d) The certificate of incorporation, or a copy, duly certified by the Secretary of State, by the register of deeds of the county where the savings bank is located, or by the Commissioner of Banks, under their respective seals, is evidence in all courts and places, and is, in all judicial proceedings, deemed prima facie evidence of the complete organization and incorporation of the savings bank purporting thereby to have been established.(e) After approval of the application, the Commissioner of Banks shall supervise and monitor the organization process. The Commissioner of Banks shall ensure that sufficient pledges for deposit accounts or subscriptions for capital stock as well as insurance of deposit accounts have been secured by the organizers. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-15 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 2 - Incorporation and Organization.|§ 54C-15 - Final decision.

 54C-15. Final decision.The Commission shall present the Commissioner of Banks with a final decision that is in accordance with Chapter 150B of the General Statutes. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-16 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 2 - Incorporation and Organization.|§ 54C-16 - Appeal.

 54C-16. Appeal.The final decision of the Commission may be appealed in accordance with Chapter 150B of the General Statutes. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-17 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 2 - Incorporation and Organization.|§ 54C-17 - Insurance of accounts required.

 54C-17. Insurance of accounts required.A State savings bank shall obtain and maintain insurance on all members' and customers' deposit accounts from an insurance corporation created by an act of Congress. Before the licensing of a savings bank, a certificate of incorporation duly recorded under G.S. 54C-14(c), is deemed to be sufficient certification to the insuring corporation that the savings bank is a legal corporate entity. The insurance shall be obtained within the time limit prescribed in G.S. 54C-19. Subject to the rules of the Commissioner of Banks, a State savings bank may obtain or participate in efforts to obtain insurance of deposits that is in excess of the amount eligible for federal insurance of accounts. This insurance is known as "excess insurance". (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-19 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 2 - Incorporation and Organization.|§ 54C-19 - Time allowed to commence business.

 54C-19. Time allowed to commence business.A newly chartered savings bank shall commence business within one year after the date upon which its corporate existence began. A savings bank that does not commence business within this time, shall forfeit its corporate existence, unless the Commissioner of Banks, before the expiration of the one year period, approves an extension of the time within which the association may commence business, upon a written request stating the reasons for the request. Upon forfeiture, the certificate of incorporation shall expire, and any and all action taken in connection with the incorporation and chartering of the savings bank, with the exception of fees paid to the Division, shall become null and void. The Commissioner of Banks shall determine if a savings bank has failed to commence business within one year, without extension as provided in this section, and shall notify the Secretary of State and the register of deeds in the county in which the savings bank is located that the certificate of incorporation has expired. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-20 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 2 - Incorporation and Organization.|§ 54C-20 - Licensing.

 54C-20. Licensing.A newly chartered savings bank is entitled to a license to operate upon payment to the Division of the appropriate license fee as prescribed by the Commissioner of Banks, when it shows to the satisfaction of the Commissioner of Banks evidence of capable, efficient, and equitable management, that the organization of the savings bank has been conducted lawfully and is complete, and when it passes a final inspection by the Commissioner of Banks or the Commissioner of Banks' representative preceding the opening of its doors for business. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-21 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 2 - Incorporation and Organization.|§ 54C-21 - Amendments to certificate of incorporation.

 54C-21. Amendments to certificate of incorporation.(a) An amendment to the certificate of incorporation of a State savings bank shall be made at any annual or special meeting of the savings bank, held in accordance with G.S. 54C-106 and G.S. 54C-107, by a majority of votes or shares cast by members or stockholders present in person or by proxy at the meeting. Any amendment shall be certified by the appropriate corporate official, submitted to the Commissioner of Banks for approval or rejection, and if approved, then certified by the Commissioner of Banks and recorded as provided in G.S. 54C-14 for certificates of incorporation.(b) Notwithstanding subsection (a) of this section, a State savings bank may change its registered office or its registered agent, or both, in accordance with G.S. 55D-31. The savings bank shall file a copy of the statement or certificate certified by the Secretary of State in the office of the Commissioner of Banks. (1991, c. 680, s. 1; 2001-193, s. 16; 2001-358, s. 47(h); 2001-387, s. 173; 2001-413, s. 6.)
NC Gen Stat § 54C-22 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 2 - Incorporation and Organization.|§ 54C-22 - List of stockholders to be maintained.

 54C-22. List of stockholders to be maintained.A stock savings bank organized and operated under this Chapter shall, at all times, keep a current list of the names of all its stockholders. Whenever called upon by the Commissioner of Banks, a stock savings bank shall file in the office of the Commissioner of Banks a correct list of all its stockholders, the resident address of each, the number of shares of stock held by each, and the dates of issue. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-24 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 2 - Incorporation and Organization.|§ 54C-24 - Request to change location of a branch or principal office.

 54C-24. Request to change location of a branch or principal office.The board of directors of a State savings bank may change the location of a branch office or the principal office of the savings bank with the prior written approval of the Commissioner of Banks. The Commissioner of Banks may request, and the savings bank shall provide, any information that the Commissioner of Banks determines is necessary to evaluate the request. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-25 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 2 - Incorporation and Organization.|§ 54C-25 - Approval revoked; branch office.

 54C-25. Approval revoked; branch office.The Commission may, for good cause and after a hearing, order the closing of a branch office. The order shall be made in writing to the savings bank and shall fix a reasonable time after which the savings bank shall close the branch office. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-26 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 2 - Incorporation and Organization.|§ 54C-26 - Branch offices closed.

 54C-26. Branch offices closed.The Board of a State savings bank may discontinue the operation of a branch office upon giving at least 90 days prior written notice to the Commissioner of Banks and depositors, the notice to include the date upon which the branch office shall be closed. (1991, c. 680, s. 1; 1991 (Reg. Sess., 1992), c. 829, s. 6; 2001-193, s. 16.)
NC Gen Stat § 54C-27 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 2 - Incorporation and Organization.|§ 54C-27 - Loan production office.

 54C-27. Loan production office.A State savings bank may open or close a loan production office with the prior written approval of the Commissioner of Banks. The Commissioner of Banks may request, and the savings bank shall provide, any information that the Commissioner of Banks determines is necessary to evaluate the request. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-30 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 3 - Corporate Changes.|§ 54C-30 - Conversion to savings bank.

 54C-30. Conversion to savings bank.(a) An association or State or national bank, upon a majority vote of its board of directors, may apply to the Commissioner of Banks for permission to convert to a State savings bank and for certification of appropriate amendments to its certificate of incorporation to effect the change. Upon receipt of an application to convert to a State savings bank, the Commissioner of Banks shall examine all facts connected with the conversion. The depository institution applying for permission to convert shall pay all the expenses and cost of the examination.(b) The converting depository institution shall submit a plan of conversion as a part of the application to the Commissioner of Banks. The Commissioner of Banks may approve it with or without amendment. If the Commissioner of Banks approves the plan, then the plan shall be submitted to the members or stockholders as provided in subsection (c) of this section. If the Commissioner of Banks refuses to approve the plan, the objections shall be stated in writing and the converting depository institution shall be given an opportunity to amend the plan to obviate the objections or to appeal the Commissioner of Banks' decision to the Commission.(c) After lawful notice to the members or stockholders of the converting depository institution and full and fair disclosure, the substance of the plan shall be approved by a majority of the votes or shares present, in person or by proxy. Following the vote of the members or stockholders, the results of the vote certified by an appropriate officer of the converting depository institution shall be filed with the Commissioner of Banks. The Commissioner of Banks shall then either approve or disapprove the requested conversion to a State savings bank. After approval of the conversion, the Commissioner of Banks shall supervise and monitor the conversion process and shall ensure that the conversion is conducted lawfully and under the approved plan of conversion. (1991, c. 680, s. 1; 1991 (Reg. Sess., 1992), c. 829, s. 7; 2001-193, s. 16.)
NC Gen Stat § 54C-32 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 3 - Corporate Changes.|§ 54C-32 - Simultaneous charter and ownership conversion.

 54C-32. Simultaneous charter and ownership conversion.(a) In the event of a State charter to federal charter conversion, when the form of ownership will also simultaneously be changed from stock to mutual, or from mutual to stock, the conversion shall proceed initially as if it involves only a charter conversion, under G.S. 54C-31. After the savings bank becomes a federal depository institution, then the federal regulatory authority shall govern the continuing conversion of the form of ownership of the newly converted depository institution.(b) In the event of a federal charter to State charter conversion, when the form of ownership will also simultaneously be changed from stock to mutual or from mutual to stock, the conversion shall proceed initially as if it involves only a charter conversion under G.S. 54C-30. After the federal depository institution becomes a State savings bank, G.S. 54C-33 or G.S. 54C-34 shall govern the continuing conversion of the form of ownership of the newly converted savings bank.(c) This section shall not apply to any simultaneous charter and ownership conversion accomplished in conjunction with a merger under G.S. 54C-39. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-34 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 3 - Corporate Changes.|§ 54C-34 - Conversion of stock savings bank to mutual savings bank.

 54C-34. Conversion of stock savings bank to mutual savings bank.A stock savings bank organized and operating under this Chapter may, subject to the approval of the Commissioner of Banks, convert to a mutual savings bank under this section. Any rules that the Commissioner of Banks may adopt governing the conversion of stock savings banks to mutual savings banks shall include requirements that:(1) The conversion neither impair the capital of the converting savings bank nor adversely affect its operations;(2) The conversion shall be fair and equitable to all stockholders of the converting savings bank;(3) The public shall not be adversely affected by the conversion;(4) Conversion of a savings bank shall be accomplished only under a plan approved by the Commissioner of Banks. The plan shall have been approved by an affirmative vote of two-thirds of the members of the board of directors of the converting savings bank, after a full and fair disclosure to the stockholders, by an affirmative vote of a majority of the total votes that stockholders of the savings bank are eligible and entitled to cast; and(5) The plan of conversion provides that:a. Deposit accounts be issued in connection with the conversion to the stockholders of the converting savings bank;b. A uniform date be fixed for the determination of the stockholders to whom, and the amount to each stockholder of which, deposit accounts shall be made available; andc. Deposit accounts so made available to stockholders be based upon a fair and equitable formula approved by the Commissioner of Banks and fully and fairly disclosed to the stockholders of the converting savings bank. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-37 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 3 - Corporate Changes.|§ 54C-37 - Merger of mutual and stock savings banks.

 54C-37. Merger of mutual and stock savings banks.Any two or more savings banks, when one or more is mutually owned and one or more is stock owned, may merge to form either a mutual or stock savings bank in separate conversion-merger proceedings or in simultaneous conversion-merger proceedings. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-38 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 3 - Corporate Changes.|§ 54C-38 - Simultaneous merger and conversion.

 54C-38. Simultaneous merger and conversion.Any combination of associations and State savings banks may merge to form either an association or a State savings bank. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-39 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 3 - Corporate Changes.|§ 54C-39 - Merger of federal charters with State savings banks.

 54C-39. Merger of federal charters with State savings banks.Any two or more depository institutions, when one or more is a State savings bank and one or more is a federal depository institution operating in North Carolina, may merge under either a State savings bank charter or a federal charter. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-40 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 3 - Corporate Changes.|§ 54C-40 - Merger of savings banks with banks and associations.

 54C-40. Merger of savings banks with banks and associations.(a) A State savings bank, upon a majority vote of its board of directors, may apply to the Commissioner of Banks for permission to merge with any bank, as defined in G.S. 53C-1-4(4), or any association, as defined in G.S. 54B-4.(b) The State savings bank shall submit a plan of merger as a part of the application to the Commissioner of Banks. The Commissioner of Banks may recommend approval of the plan of merger with or without amendment.If the Commissioner of Banks approves the plan, then the plan shall be submitted to the stockholders or members as provided in subsection (c) of this section. If the Commissioner of Banks refuses to approve the plan, the Commissioner of Banks shall state the objections in writing and give the merging savings bank an opportunity to amend the plan to obviate the objections or to appeal the Commissioner of Banks' decision to the Commission.(c) After lawful notice to the stockholders or members of the savings bank and full and fair disclosure, the substance of the plan shall be approved by a majority of the total votes that stockholders or members of the savings bank are eligible and entitled to cast. The vote by the stockholders or members may be in person or by proxy. Following the vote of the stockholders or members, the results of the vote certified by an appropriate officer of the savings bank shall be filed with the Commissioner of Banks. The Commissioner of Banks shall then either approve or disapprove the requested merger.(d) A merger between a mutual savings bank and a mutual savings and loan association shall be conducted in accordance with the provisions of G.S. 54C-35.  (1991, c. 680, s. 1; 1995, c. 479, s. 7; 2001-193, s. 16; 2012-56, s. 43.)
NC Gen Stat § 54C-41 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 3 - Corporate Changes.|§ 54C-41 - Voluntary dissolution by directors.

 54C-41. Voluntary dissolution by directors.A State savings bank may be voluntarily dissolved by a majority vote of the board of directors when substantially all of the assets have been sold for the purpose of terminating the business of the savings bank or as provided in G.S. 55-14-01 and when a certificate of dissolution is recorded in the manner required by this Chapter for the recording of certificates of incorporation. (1991, c. 680, s. 1.)
NC Gen Stat § 54C-42 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 3 - Corporate Changes.|§ 54C-42 - Voluntary dissolution by stockholders or members.

 54C-42. Voluntary dissolution by stockholders or members.At any annual or special meeting called for the purpose of dissolution, a savings bank may, by an affirmative vote, in person or by proxy, of at least two-thirds of the total number of shares or votes that all members or stockholders of the association are entitled to cast, resolve to dissolve and liquidate the savings bank and adopt a plan of voluntary dissolution. Upon adoption of the resolution and plan of voluntary dissolution, the members or stockholders shall proceed to elect not more than three liquidators who shall post bond as required by the Commissioner of Banks. The liquidators shall have full power to execute the plan; and the procedure thereafter shall be as follows:(1) A copy of the resolution, certified by an appropriate officer of the savings bank, together with the minutes of the meeting of members or stockholders, the plan of liquidation, and an itemized statement of the savings bank's assets and liabilities, sworn to by a majority of its board of directors, shall be filed with the Commissioner of Banks. The minutes of the meeting of members or stockholders shall be certified by an appropriate officer of the association, and shall set forth the notice given, the time of mailing thereof, the vote on the resolution, the total number of shares or votes that all members of the savings bank were entitled to cast thereon, and the names of the liquidators elected.(2) If the Commissioner of Banks finds that the proceedings are in accordance with this Chapter, and that the plan of liquidation is not unfair to any person affected, the Commissioner of Banks shall attach a certificate of approval to the plan and shall forward one copy to the liquidators and one copy to the savings bank's federal deposit account insurance corporation. Once the Commissioner of Banks has approved the resolution and the plan of liquidation, it shall thereafter be unlawful for the savings bank to accept any additional deposit accounts or additions to deposit accounts or make any additional loans, but all its income and receipts in excess of actual expenses of liquidation of the savings bank shall be applied to the discharge of its liabilities.(3) The liquidating savings bank shall pay a reasonable compensation, subject to the approval of the Commissioner of Banks, to the appointed liquidator.(4) The plan becomes effective upon the recording of the Commissioner of Banks' certificate of approval in the manner required by this Chapter for the recording of the certificate of incorporation.(5) The liquidation of the savings bank is subject to the supervision and examination of the Commissioner of Banks. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-43 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 3 - Corporate Changes.|§ 54C-43 - Reports of voluntary dissolution.

 54C-43. Reports of voluntary dissolution.Upon completion of liquidation, the liquidator shall file with the Commissioner of Banks a final report and accounting of the liquidation. The Commissioner of Banks' approval of the report shall operate as a complete and final discharge of the liquidator, the board of directors, and each member or stockholder in connection with the liquidation of the savings bank. Upon approval of the report, the Commissioner of Banks shall issue a certificate of dissolution of the savings bank and shall record same in the manner required by this Chapter for the recording of certificates of incorporation. The dissolution is effective upon the recording of the certificates of incorporation. (1991, c. 680, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54C-44 (2021)
2021 North Carolina General Statutes|Chapter 54C - Savings Banks|Article 3 - Corporate Changes.|§ 54C-44 - Stock dividends.

 54C-44. Stock dividends.No dividend on stock shall be paid unless the savings bank has the prior written approval of the Commissioner of Banks, except as provided in any rules that the Commissioner of Banks may adopt. (1991, c. 680, s. 1; 2001-193, s. 16.)