reglab/housing_qa huggingface dataset:
NC Gen Stat § 53C-8-11 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-11 - Misapplication, embezzlement of funds.

 53C-8-11. Misapplication, embezzlement of funds.(a) Any person who, with intent to defraud or injure a bank or any other person or with intent to deceive an officer of the bank or an employee of the OCOB appointed to examine the affairs of the bank, commits any of the following acts shall be guilty of a felony:(1) Embezzles, converts, or misapplies any of the money, funds, credit, or property of the bank, whether owned by it or held in trust.(2) Issues or puts forth a certificate of deposit; draws an order or bill of exchange; makes an acceptance; assigns a note, bond, draft, bill of exchange, mortgage, judgment, or decree; or fictitiously borrows or solicits, obtains, or receives money for a bank not in good faith.(3) Makes or permits to be made a false entry in a record of a bank, or conceals or permits to be concealed, by any means or manner, the true and correct entries in a record of a bank.(4) Knowingly makes an extension of credit, or permits an extension of credit, by a bank to any insolvent person or to a person who has ceased to exist, or that never had any existence, or upon collateral consisting of stocks or bonds of an insolvent or nonexistent person.(5) Makes or publishes, or knowingly permits to be made or published, a false report, statement, or certificate as to the true financial condition of a bank.(b) If an offense committed under this section involves money, funds, credit, or property with a value of one hundred thousand dollars ($100,000) or more, it is a Class C felony. If an offense committed under this section involves money, funds, credit, or property with a value of less than one hundred thousand dollars ($100,000), it is a Class H felony.  (2012-56, s. 4.)
NC Gen Stat § 53C-8-13 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-13 - Immediate action orders.

 53C-8-13. Immediate action orders.(a) In the event that the Commissioner determines that a bank has inadequate capital or insufficient capital or determines that immediate action is necessary to cause a bank to conduct its business in a safe and sound manner or to cause a bank or any of its directors, officers, or employees to cease from an act or course of conduct that threatens, or is reasonably probable of threatening, the financial integrity of the bank, the commissioner may order, as applicable, the bank to take such corrective action as the Commissioner deems necessary or may order the bank, director, officer, or employee to immediately cease such conduct, act, or course of conduct and to refrain therefrom in the future.(b) Any order made under this section shall be effective upon issuance, provided, however, that the Commissioner shall promptly afford a subsequent hearing upon the order as provided in G.S. 53C-2-6.  (2012-56, s. 4.)
NC Gen Stat § 53C-8-14 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-14 - Supervisory control.

 53C-8-14. Supervisory control.(a) Whenever the Commissioner determines that a bank has insufficient capital and is conducting its business in an unsafe or unsound manner or in any fashion that threatens the financial integrity of the bank, the Commissioner may serve a notice of charges on the bank, requiring it to show cause why it should not be placed under supervisory control. The notice of charges shall specify the grounds for supervisory control and set the time and place for a hearing. A hearing before the Commissioner shall be held no earlier than seven days and no later than 15 days after issuance of the notice of charges.(b) If, after the hearing provided in subsection (a) of this section, the Commissioner determines that supervisory control of the bank is necessary to protect the bank's customers, creditors, or the general public, the Commissioner shall issue an order taking supervisory control of the bank. The board of directors of the bank in office on the date of the issuance of the order may appeal the order of the Commissioner to the Commission pursuant to G.S. 53C-2-6 no later than 10 days after the date of the issuance of the order.(c) The Commissioner may appoint an agent to supervise and monitor the operations of the bank during the period of supervisory control. During the period of supervisory control, the bank shall act in accordance with any instructions and directions as may be given by the Commissioner, directly or through the agent, and shall not act or fail to act except when to do so would violate an outstanding order of its federal bank supervisory agent or the FDIC if the FDIC is not its primary federal regulator.(d) Within 180 days of the date of the order taking supervisory control, the Commissioner shall issue an order approving a plan for the termination of supervisory control on the 30th day following the issuance of the order. The plan may provide for the following:(1) The issuance by the bank of debt instruments or shares.(2) The appointment or removal of one or more officers and/or one or more directors.(3) The reorganization or combination of the bank.(4) A control transaction with respect to the bank.(5) The dissolution and liquidation of the bank.(e) The reasonable costs of the Commissioner under this section shall be paid by the bank. The Commissioner's determination of the costs shall be, in the absence of manifest error, dispositive of the issue of reasonableness.  (2012-56, s. 4.)
NC Gen Stat § 53C-8-15 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-15 - Removal of directors, officers, and employees.

 53C-8-15. Removal of directors, officers, and employees.(a) If the Commissioner determines that a director, officer, or employee of a bank has participated in or consented to any violation of this Chapter or an order of the Commissioner, or has engaged in any unsafe or unsound business practice in the operation of the bank, or has been dishonest, incompetent, or reckless in the management of the affairs of the bank, or has persistently violated the laws of this State, or repeatedly violated or failed to comply with any of the bank's organizational documents, and that as a result, a situation exists requiring prompt corrective action in order to protect the bank, its customers, or the public, the Commissioner may issue an order temporarily removing the director, officer, or employee pending a hearing that shall occur not less 10 days after removal. The order shall state that it is a "Temporary Order of Removal" and shall further state the grounds upon which it was issued together with the date, time, and location of a hearing on the matter. For good cause shown, the Commissioner may grant the director, officer, or employee subject to the order a 10-day extension of the hearing date, but the temporary removal order shall remain in full force and effect. Upon a hearing before the Commissioner within the prescribed time, the temporary removal order may be dissolved or made permanent in whole or in part.(b) Any removal under this section is effective in all respects as if the removal had been made by the shareholders of the bank in question.(c) Without the prior written approval of the Commissioner, no director, officer, or employee subject to an order under this section shall be eligible to be elected, reelected, or appointed any position as a director, officer, or employee of that bank or any other North Carolina financial institution during the period of the order's effect.(d) An individual who is the subject of an order of the Commissioner under this section may appeal the order to the Commission pursuant to G.S. 53C-2-6 no later than 10 days after the date of issuance of the order.  (2012-56, s. 4.)
NC Gen Stat § 53C-8-16 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-16 - Emergency powers.

 53C-8-16. Emergency powers.In the event of a natural disaster or other national, regional, state, or local emergency, the Commissioner may temporarily waive or suspend requirements for compliance by one or more banks with any provisions of this Chapter.  (2012-56, s. 4.)
NC Gen Stat § 53C-8-17 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-17 - Interstate regulatory agreements.

 53C-8-17. Interstate regulatory agreements.The Commissioner may enter into cooperative, coordinating, and information sharing agreements with (i) any bank supervisory agency having jurisdiction over an out-of-state bank that operates one or more branches in this State and (ii) any bank supervisory agency of another state in which a bank operates one or more branches with respect to the periodic examination or other supervision of the branches of the out-of-state bank operating in this State or the branches of the bank operating in such other state.  (2012-56, s. 4.)
NC Gen Stat § 53C-9-101 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-101 - Supervisory combinations.

 53C-9-101. Supervisory combinations.Notwithstanding any other provision of this Chapter, in order to protect the public, including depositors and creditors of a bank, the Commissioner, upon making a finding that a bank is unable to operate in a safe and sound manner and is not reasonably likely to be able to resume safe and sound operations, may authorize or require a combination of the bank, a control transaction, or any other transaction, whether or not the Commissioner has taken supervisory control pursuant to G.S. 53C-8-14. In ordering any such combination, control transaction, or other transaction, the Commissioner may order that a vote of the bank's shareholders shall not be required to effect the combination, control transaction, or other transactions.  (2012-56, s. 4.)
NC Gen Stat § 53C-9-102 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-102 - Distributions; assignments restricted.

 53C-9-102. Distributions; assignments restricted.A bank that is in the process of involuntary or voluntary dissolution pursuant to this Article may not make or pay distributions to its shareholders unless the bank has the prior written approval of the Commissioner. No bank shall make any general assignment for the benefit of its creditors except by surrendering possession of its assets to the Commissioner for dissolution and liquidation pursuant to G.S. 53-9-301, and any other purported assignment by the bank for the benefit of its creditors shall be void.  (2012-56, s. 4.)
NC Gen Stat § 53C-9-103 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-103 - Cancellation of charter.

 53C-9-103. Cancellation of charter.Whenever a combination, dissolution, or other transaction occurs by which a bank ceases to exist or ceases to be eligible for a charter, the Commissioner shall by order cancel the bank's charter and shall publish the order in accordance with G.S. 53-1-4(59). A copy of the order shall be filed by the Commissioner with the Secretary of State. The bank shall continue to exist under Chapter 55 of the General Statutes for the purpose of dissolving and liquidating its business and affairs.  (2012-56, s. 4.)
NC Gen Stat § 53C-9-201 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-201 - Voluntary dissolution prior to receipt of charter.

 53C-9-201. Voluntary dissolution prior to receipt of charter.A bank in formation may, prior to issuance of its charter, give notice to the Commissioner and, with the Commissioner's consent, abandon its application to the Commissioner and dissolve and liquidate by a majority vote of its board of directors and as provided under Chapter 55 of the General Statutes.  (2012-56, s. 4.)
NC Gen Stat § 53C-9-202 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-202 - Voluntary dissolution.

 53C-9-202. Voluntary dissolution.(a) With the approval of the Commissioner, a bank may engage in a voluntary dissolution and liquidation.(b) If, by a majority vote, the board of directors of a bank should determine that in their judgment the bank should be dissolved and liquidated, then the board of directors shall submit immediately to the Commissioner the following documents, certified by an appropriate officer of the bank:(1) The board of directors' resolution.(2) The bank's proposed articles of dissolution.(3) The board of directors' plan for liquidation.(4) Any notices or proxy solicitation materials proposed to be sent to shareholders.(c) The Commissioner shall examine the documents submitted under subsection (b) of this section and such other matters as the Commissioner deems relevant and may issue an order authorizing the bank and its board of directors to proceed with dissolution and liquidation as provided in G.S. 53C-9-203. Examination by the Commissioner of the materials referred to in subsection (b)(4) of this section shall not be deemed to be approval of the documents for any purpose.(d) At any annual or special meeting of shareholders called for the purpose of voting upon a proposal for voluntary dissolution of a bank, the shareholders of the bank may, by an affirmative vote, in person or by proxy, of the holders of shares representing at least two-thirds of the votes entitled to be cast on such matters, resolve to dissolve and liquidate the bank in accordance with the order of the Commissioner issued under subsection (c) of this section.(e) If a majority of the board of directors of a bank should determine that in its best judgment the bank should be dissolved and liquidated but deems it impractical or otherwise inadvisable to proceed with a vote upon voluntary dissolution by the shareholders, then the board of directors shall immediately forward a certified copy of its resolution to the Commissioner and the Commissioner shall place the bank in receivership pursuant to G.S. 53C-9-301.  (2012-56, s. 4.)
NC Gen Stat § 53C-9-203 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-203 - Voluntary dissolution and liquidation procedure.

 53C-9-203. Voluntary dissolution and liquidation procedure.(a) At the appropriate time, the Commissioner shall do the following:(1) Inform the FDIC and the bank's federal supervisory agency if other than the FDIC.(2) Select and appoint a receiver or receiver in liquidation, just as if the liquidation were involuntary under G.S. 53C-9-301.(3) Attach a certificate of approval to the articles of dissolution, and the bank shall then file the certified articles with the Secretary of State.(b) Upon the filing of the articles of dissolution with the Secretary of State, it shall be unlawful for the bank to accept any additional deposit accounts or additions to deposit accounts or make any additional extensions of credit, but all its income and receipts in excess of actual expenses of liquidation of the bank shall be applied to the discharge of its liabilities.(c) The persons charged with liquidation of the bank in the approved plan of dissolution shall cause to be published a public notice stating the bank has closed and will dissolve and liquidate and notifying its depositors and creditors to present their claims for payment, specifying the method for doing so.(d) The bank may pay reasonable compensation, subject to the approval of the Commissioner, to the persons charged with its liquidation.(e) Any bank in the process of voluntary dissolution and liquidation shall be subject to examination by the Commissioner and shall furnish any reports required by the Commissioner.(f) If the Commissioner determines at any time that the voluntary liquidation plan is not working, the Commissioner may place the bank in receivership pursuant to G.S. 53C-9-301.  (2012-56, s. 4.)
NC Gen Stat § 53C-9-401 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-401 - Article relating to receivers applicable to insolvent banks.

 53C-9-401. Article relating to receivers applicable to insolvent banks.Article 38A of Chapter 1 of the General Statutes, relating to receivers, when not inconsistent with the provisions of this Article, applies to the liquidation of banks under this Article.  (2012-56, s. 4; 2021-93, s. 9.)
NC Gen Stat § 53C-9-402 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-402 - Storage and destruction of records.

 53C-9-402. Storage and destruction of records.(a) Any record of a bank that is in or has completed the process of dissolution and liquidation may be kept in compliance with the provisions of G.S. 53C-6-14.(b) All records of a bank that has completed the process of dissolution and liquidation shall be held in such place as in the Commissioner's judgment will provide for their proper safekeeping and protection.(c) After the expiration of five years from the date of filing of the certificate of completed liquidation under G.S. 53C-9-301, the records of the liquidated bank may be destroyed by the Commissioner using commercially reasonable record destruction procedures.(d) Nothing in this section shall be construed to authorize the destruction by the Commissioner of any of the records of the OCOB made by it with reference to the dissolution, receivership, or liquidation of any bank.  (2012-56, s. 4.)
NC Gen Stat § 53C-9-403 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-403 - Authority to serve as trustee terminated.

 53C-9-403. Authority to serve as trustee terminated.Whenever any bank that has been, or shall be, appointed trustee in any indenture, deed of trust, or other instrument of like character, executed to secure the payment of any bonds, notes, or other evidences of indebtedness, has been or shall be placed in receivership, a new trustee shall be appointed in the manner provided in G.S. 36C-7-704 or other applicable law, and the powers and duties of the bank as trustee in any such instrument shall immediately cease.  (2012-56, s. 4; 2013-29, s. 19.)
NC Gen Stat § 53C-9-404 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-404 - Petition for new trustee; upon parties interested.

 53C-9-404. Petition for new trustee; upon parties interested.In all cases of dissolution receivership and liquidation under this Article, the clerk of superior court of any county in which an indenture, deed of trust, or other instrument of like character is recorded shall, upon the verified petition of any person interested in any such trust, either as trustee, beneficiary, or otherwise, which interest shall be set out in the petition, enter an order directing service, in the manner required by law for service of summons, on all interested parties of a notice requiring all persons having any interest in the trust to appear at the clerk's office on a day designated in the order and notice, not less than 30 days from the date of the first publication of the notice, and show cause why a new trustee shall not be appointed. The notice shall set forth the names of the parties to the indenture, deed of trust, or other such instrument, and the date the documents were executed and the place of recording.  (2012-56, s. 4.)
NC Gen Stat § 53C-9-405 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-405 - Appointment of substitute trustee where no objection made.

 53C-9-405. Appointment of substitute trustee where no objection made.If, upon the day fixed in the notice, no person appears and objects to the appointment of a substitute trustee, the clerk of superior court shall, upon such terms as he or she deems advisable to the best interest of all parties, appoint a competent person authorized to act as substitute trustee, who shall be vested with and shall exercise all the powers conferred upon the trustee named in the instrument.  (2012-56, s. 4.)
NC Gen Stat § 53C-9-406 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-406 - Hearing where objection made; appeal from order.

 53C-9-406. Hearing where objection made; appeal from order.If objection is made to the appointment of a new trustee under this Part, the clerk shall hear and determine the matter, and from his or her decision an appeal may be prosecuted as in cases of special proceedings generally.  (2012-56, s. 4.)
NC Gen Stat § 53C-9-407 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-407 - Registration of final order.

 53C-9-407. Registration of final order.The final order of appointment of a new trustee or trustees under this Part shall be certified by the clerk of superior court issuing the order and shall be recorded in the office of the register of deeds in the county or counties in which the instrument under which the appointment has been made is recorded. (2012-56, s. 4.)
NC Gen Stat § 53C-9-408 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-408 - Petition and order applicable to all instruments involved.

 53C-9-408. Petition and order applicable to all instruments involved.The petition and the order appointing a new trustee or trustees under this Part may apply to any number of indentures, deeds of trust, or other instruments, wherein the same trustee or trustees are named.  (2012-56, s. 4.)
NC Gen Stat § 53C-9-409 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.|§ 53C-9-409 - Additional remedy.

 53C-9-409. Additional remedy.The appointment of a substitute trustee as described in this Part shall be in addition to and not substitution for any other remedy provided by law.  (2012-56, s. 4.)
NC Gen Stat § 53C-10-101 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 10 - Bank Holding Companies.|§ 53C-10-101 - Holding companies.

 53C-10-101. Holding companies.Every holding company, as defined in G.S. 53C-1-4(39), that directly or indirectly controls a depository institution or nonbank subsidiary that has an office located in this State shall register with the Commissioner and maintain that registration on an annual basis in the form prescribed by the Commissioner.  (2012-56, s. 4; 2017-165, s. 10.)