reglab/housing_qa huggingface dataset:
NC Gen Stat § 54-160 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 22 - Merger, Consolidation and Other Fundamental Changes.|§ 54-160 - Procedure for consolidation.

 54-160. Procedure for consolidation.(a) Any two or more domestic associations organized under this Subchapter, either with or without capital stock, may consolidate into a new association pursuant to a plan of consolidation approved in the manner provided in this Article.(b) The board of directors of each association shall, by resolution adopted by each such board, approve a plan of consolidation setting forth:(1) The names of the associations proposing to consolidate, and the name of the new association into which they proposed to consolidate, which is hereinafter designated as the new association. The name of the new association may be that of any of the associations involved in the consolidation or any other available name, subject, however, to the limitations of G.S. 54-139 and 55A-10.(2) The terms and conditions of the proposed consolidation.(3) With respect to the new association, all of the appropriate statements required to be set forth in articles of incorporation for associations organized under this Subchapter.(4) Such other provisions not inconsistent with law as are deemed necessary or desirable. (1963, c. 1168, s. 13.)
NC Gen Stat § 54-161 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 22 - Merger, Consolidation and Other Fundamental Changes.|§ 54-161 - Approval of merger or consolidation; abandonment.

 54-161. Approval of merger or consolidation; abandonment.(a) A plan of merger or consolidation shall be adopted in the following manner: The board of directors of each merging or consolidating association shall adopt a resolution approving the proposed plan, and directing that it be submitted to a vote at a meeting of members having voting rights, which may be either an annual or a special meeting. Written or printed notice of the meeting shall be given to each member entitled to vote at such meeting. The notice shall state that the proposed plan of merger or consolidation will be considered and acted upon at the meeting, and a copy or a summary of the plan of merger or plan of consolidation, as the case may be, shall be included in or enclosed with such notice. Such notice shall contain a statement, displayed with reasonable prominence, to the effect that objecting members are entitled, upon compliance with G.S. 54-166, including the 20-day demand requirement, to be paid the fair market value of their stock or other property rights or interest in the association, but failure of the notice to contain such a statement shall not invalidate the merger or consolidation. Each such notice shall be mailed by first-class mail at such a time that not less than 10 full days shall elapse between the date of mailing the notice and the date of the meeting, and shall be mailed to the member at his last address as it appears on the records of the association. The proposed plan shall be adopted upon receiving at least two-thirds of the votes entitled to be cast by members present at each such meeting where a quorum is present.(b) After such approval, and at any time prior to the filing of the articles of merger or consolidation, the merger or consolidation may be abandoned pursuant to provisions therefor, if any, set forth in the plan of merger or consolidation. (1963, c. 1168, s. 13.)
NC Gen Stat § 54-162 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 22 - Merger, Consolidation and Other Fundamental Changes.|§ 54-162 - Articles of merger or consolidation.

 54-162. Articles of merger or consolidation.(a) Upon such approval, articles of merger or articles of consolidation shall be executed by each association and filed as provided in G.S. 55A-4, except that a copy thereof certified by the Secretary of State shall also be recorded in the office of the register of deeds of each county wherein the constituent associations have their principal places of business or their registered offices.(b) The articles of merger or consolidation shall set forth:(1) The plan of merger or the plan of consolidation; and(2) A statement setting forth the date of the meeting of the members of each association at which the plan was adopted, that a quorum was present at such meeting, and that such plan received at least two-thirds of the votes entitled to be cast by members present at each such meeting where a quorum was present.(c) The time when the merger or consolidation is effected is determined by the provisions of G.S. 55A-4. (1963, c. 1168, s. 13; 1967, c. 823, s. 15.)
NC Gen Stat § 54-163 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 22 - Merger, Consolidation and Other Fundamental Changes.|§ 54-163 - Effect of merger or consolidation.

 54-163. Effect of merger or consolidation.When such merger or consolidation has been effected:(1) The several associations, parties to the plan of merger or consolidation, shall be a single association which, in the case of a merger, shall be that association designated in the plan of merger as the surviving association, and, in the case of a consolidation, shall be the new association provided for in the plan of consolidation.(2) The separate existence of all associations which are parties to the plan of merger or consolidation, except the surviving or new association, shall cease.(3) Such surviving or new association shall have all the rights, privileges, immunities, and powers and shall be subject to all the duties and liabilities of an association organized under this Subchapter.(4) Such surviving or new association shall thereupon and thereafter, to the extent consistent with its charter as established or changed by the merger or consolidation, possess all the rights, privileges, immunities, and franchises, as well of a public as of a private nature, of each of the merging or consolidating associations; and all property, real and personal, and all debts due on any account, and all other choses in action, and all and every other interest, of or belonging to or due to each of the associations so merged or consolidated, shall be taken and deemed to be transferred to and vested in such single association without further act or deed; and the title to any real estate, or any interest therein, vested in any of such associations shall not revert or be in any way impaired by reason of such merger or consolidation.(5) Such surviving or new association shall thenceforth be responsible and liable for all the liabilities, contracts or other obligations, and penalties of each of the associations so merged or consolidated; and any claim existing or action or proceeding, civil or criminal, pending by or against any of such associations may be prosecuted as if such merger or consolidation had not taken place, or such surviving or new association may be substituted in its place; and any judgments rendered against any of the merged or consolidated associations may be enforced against the surviving or new association. Neither the rights of creditors nor any liens upon the property of any merged or consolidated association shall be impaired by such merger or consolidation.(6) In the case of a merger, the charter of the surviving association shall be deemed to be amended to the extent, if any, that changes in its charter are stated in the plan of merger. In the case of a consolidation, the articles of consolidation shall be deemed to be the articles of incorporation of the new association. (1963, c. 1168, s. 13.)
NC Gen Stat § 54-165 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 22 - Merger, Consolidation and Other Fundamental Changes.|§ 54-165 - Sale, lease or exchange of assets; mortgage or pledge of assets.

 54-165. Sale, lease or exchange of assets; mortgage or pledge of assets.(a) A sale, lease, or exchange of all, or substantially all, the property and assets of an association organized under the provisions of this Subchapter may be made upon such terms and conditions and for such consideration, which may consist in whole or in part of money or property, real or personal, including shares of any corporation for profit, domestic or foreign, as may be authorized in the following manner: The board of directors shall adopt a resolution recommending such sale, lease, or exchange and directing that it be submitted to a vote at a meeting of members, which may be either an annual or a special meeting. Written or printed notice of the meeting shall be given to each member entitled to vote at such meeting. The notice shall state that the proposed sale, lease, or exchange will be considered and acted upon at such meeting, and a statement of the terms of the proposed sale, lease, or exchange, as the case may be, shall be included in or enclosed with such notice. Each such notice shall be mailed by first-class mail at such a time that not less than 10 full days shall elapse between the date of mailing the notice and the date of the meeting, and shall be mailed to the member at his last address as it appears on the records of the association. The proposed sale, lease, or exchange, as the case may be, shall be adopted upon receiving at least two-thirds of the votes entitled to be cast by members present at the meeting, if a quorum is present.(b) A mortgage or pledge of, or any other security interest in, all or any part or parts of the property of the association may be made by authority of the board of directors of the association without authorization of the members, unless otherwise provided in the charter or bylaws adopted by the members. (1963, c. 1168, s. 13.)
NC Gen Stat § 54B-1 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 1 - General Provisions.|§ 54B-1 - Title.

 54B-1. Title.This Chapter shall be known and may be cited as "Savings and Loan Associations." (1981, c. 282, s. 3.)
NC Gen Stat § 54B-2 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 1 - General Provisions.|§ 54B-2 - Purpose.

 54B-2. Purpose.The purpose of this Chapter is:(1) To provide for the safe and sound conduct of the business of savings and loan associations, the conservation of their assets and the maintenance of public confidence in savings and loan associations;(2) To provide for the protection of the interests of customers and members, and the public interest in the soundness of the savings and loan industry;(3) To provide the opportunity for savings and loan associations to remain competitive with each other and with other savings and financial institutions existing under other laws of this and other states and the United States;(4) To provide the opportunity for savings and loan associations to serve effectively the convenience and advantage of customers and members, and to improve and expand their services and facilities for such purposes;(5) To provide the opportunity for the management of savings and loan associations to exercise prudent business judgment in conducting the affairs of savings and loan associations to the extent compatible with the purposes recited in this section; and(6) To provide adequate rulemaking power and administrative discretion so that the regulation and supervision of savings and loan associations are readily responsive to changes in economic conditions and in savings and loan practices. (1981, c. 282, s. 3.)
NC Gen Stat § 54B-3 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 1 - General Provisions.|§ 54B-3 - Applicability of Chapter.

 54B-3. Applicability of Chapter.The provisions of this Chapter, unless the context otherwise specifies, shall apply to all State associations. (1981, c. 282, s. 3.)
NC Gen Stat § 54B-5 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-5 - Severability.

 54B-5. Severability.If any section or subsection of this Chapter, or the application thereof to any person is held invalid, the remaining sections or subsections of this Chapter, and the application of such section or subsection to any other person, shall not be invalidated or affected thereby. (1981, c. 282, s. 3.)
NC Gen Stat § 54B-6 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-6 - Hearings.

 54B-6. Hearings.Any hearing required to be held by this Chapter shall be conducted in accordance with the applicable provisions of Article 3 of Chapter 150B of the General Statutes. (1981, c. 282, s. 3; 1987, c. 827, s. 1.)
NC Gen Stat § 54B-7 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-7 - Application of Chapter on business corporations.

 54B-7. Application of Chapter on business corporations.All the provisions of law relating to private corporations, and particularly those enumerated in Chapter 55, of the General Statutes, entitled "North Carolina Business Corporation Act," which are not inconsistent with this Chapter, or with the proper business of savings and loan associations shall be applicable to all State associations. (1981, c. 282, s. 3; 1989 (Reg. Sess., 1990), c. 1024, s. 3.)
NC Gen Stat § 54B-8 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-8 - Scope and prohibitions; existing charters; injunctions.

 54B-8. Scope and prohibitions; existing charters; injunctions.(a) Nothing in this Chapter shall be construed to invalidate any charter that was valid prior to the enactment of this Chapter. All such associations shall continue operation in full force, but such associations shall be operated in accordance with the provisions of this Chapter.(b) Repealed by Session Laws 1985, c. 659, s. 2.(c) No person or group of persons, nor any corporation, company, or association except one incorporated and licensed in accordance with the provisions of this Chapter to operate a State association, shall operate as a State association. Unless so authorized as a State or federal association and actually engaged in transacting a savings and loan business, no person or group of persons, nor any corporation, company, or association domiciled and doing business in this State shall:(1) Use in its name the terms "building and loan association" or "savings and loan association" or words of similar import or connotation that lead the public reasonably to believe that the business so conducted is that of a savings and loan association; or(2) Use any sign, or circulate or use any letterhead, billhead, circular or paper whatsoever, or advertise or communicate in any manner that would lead the public reasonably to believe that it is conducting the business of a savings and loan association.(d) Upon application by the Commissioner of Banks or by any savings and loan association, a court of competent jurisdiction may issue an injunction to restrain any person or entity from violating or from continuing to violate any of the foregoing provisions of subsection (c). (1981, c. 282, s. 3; 1985, c. 659, s. 2; 1987, c. 237, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54B-9 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-9 - Application to organize a savings and loan association.

 54B-9. Application to organize a savings and loan association.(a) It shall be lawful for any five or more natural persons (hereinafter referred to as the "incorporators"), who are domiciled in this State, to organize and establish a savings and loan association in order to promote thrift and home financing, subject to approval as hereinafter provided in this Chapter. The incorporators shall file with the Commissioner of Banks a preliminary application to organize a State association, in the form to be prescribed by the Commissioner of Banks, together with the proper nonrefundable application fee.(b) The application to organize a State association shall be received by the Commissioner of Banks not less than 60 days prior to the scheduled consideration of the application by the Commission, and it shall contain:(1) The original of the certificate of incorporation, which shall be signed by the original incorporators, or a majority of them, but not less than five, and shall be properly acknowledged by a person duly authorized by this State to take proof or acknowledgment of deeds; and two conformed copies;(2) The names and addresses of the incorporators; and the names and addresses of the initial members of the board of directors;(3) Statements of the anticipated receipts, expenditures, earnings and financial condition of the association for its first two years of operation, or such longer period as the Commissioner of Banks may require;(4) A showing satisfactory to the Commission that:a. The public convenience and advantage will be served by the establishment of the proposed association;b. There is a reasonable demand and necessity in the community which will be served by the establishment of the proposed association;c. The proposed association will have a reasonable probability of sustaining profitable and beneficial operations within a reasonable time in the community in which the proposed association intends to locate;d. The proposed association, if established, will promote healthy and effective competition in the community in the delivery to the public of savings and loan services;(5) The proposed bylaws;(6) Statements, exhibits, maps and other data which may be prescribed or requested by the Commissioner of Banks, which data shall be sufficiently detailed and comprehensive so as to enable the Commissioner of Banks to pass upon the criteria set forth in this Article.(c) The application shall be signed by the original incorporators or a majority of them but not less than five, and shall be properly acknowledged by a person duly authorized by this State to take proof and acknowledgement of deeds. (1981, c. 282, s. 3; 1989, c. 76, s. 2; 2001-193, s. 16.)
NC Gen Stat § 54B-11 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-11 - Commissioner of Banks to consider application.

 54B-11. Commissioner of Banks to consider application.Upon receipt of an application to organize and establish a savings and loan association, the Commissioner of Banks shall examine or cause to be examined all the relevant facts connected with the formation of the proposed association. If it appears to the Commissioner of Banks that the proposed association has complied with all the requirements set forth in this Chapter and the rules and regulations for the formation of a savings and loan association and is otherwise lawfully entitled to be organized and established as a savings and loan association, the Commissioner of Banks shall present the application to the Commission for its consideration. (1981, c. 282, s. 3; 1983, c. 144, s. 4; 2001-193, s. 16.)
NC Gen Stat § 54B-13 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-13 - State Banking Commission to review findings and recommendations of Commissioner of Banks.

 54B-13. State Banking Commission to review findings and recommendations of Commissioner of Banks.(a) If the Commissioner of Banks does not have the completed application within 120 days of the filing of the preliminary application, the application shall be returned to the applicants.(b) When the Commissioner of Banks has completed his examination and investigation of the facts relevant to the establishment of the proposed association, he shall present his findings and recommendations to the Commission at a public hearing. The State Banking Commission must approve or reject an application within 180 days of the submission of the preliminary application.(c) Not less than 45 days prior to the public hearing held for the consideration of the application to establish a savings and loan association, the incorporators shall cause to be published a notice in a newspaper of general circulation in the area to be served by the proposed association. Such notice shall contain:(1) A statement that the application has been filed with the Commissioner of Banks;(2) The name of the community where the principal office of the proposed association intends to locate;(3) A statement that a public hearing shall be held to consider the application; and(4) A statement that any interested or affected party may file a written statement either favoring or protesting the creation of the proposed association. Such statement must be filed with the Commissioner of Banks within 30 days of the date of publication.(d) The Commission, at the public hearing, shall consider the findings and recommendation of the Commissioner of Banks and shall hear such oral testimony as he may wish to give or be called upon to give, and shall also receive information and hear testimony from the incorporators of the proposed association and from any and all other interested or affected parties. The Commission shall hear only testimony and receive only information which is relevant to the consideration of the application and the operation of the proposed association. (1981, c. 282, s. 3; 1989, c. 76, s. 4; 2001-193, ss. 16, 17.)