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

 54B-14. Grounds for approval or denial of application.(a) After consideration of the findings and recommendation of the Commissioner of Banks and his oral testimony, if any, and the consideration of such 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 the provisions of G.S. 54B-10, that all the criteria set out in G.S. 54B-12 have been complied with, and that all other applicable provisions of this Chapter, rules and regulations, and the General Statutes have been complied with.(b) If the Commission approves the application, the Commissioner of Banks shall so 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, the Secretary of State shall, upon the payment by the newly chartered association of the appropriate organization tax and fees, file the certificate of incorporation in accordance with G.S. 55-1-20. He shall certify under his official seal the two conformed copies of the certificate of incorporation, one of which shall forthwith be forwarded to the incorporators or their representative, for the purpose of recordation in the office of the register of deeds of the county where the principal office of the association shall be located, 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 association shall be a body politic and corporate under the name stated in such certificate, and shall be authorized to begin the savings and loan business when duly licensed by the Commissioner of Banks.(d) The said certificate of incorporation, or a copy thereof, duly certified by the Secretary of State, or by the register of deeds of the county where the association is located, or by the Commissioner of Banks, under their respective seals, shall be evidence in all courts and places, and shall, in all judicial proceedings, be deemed prima facie evidence of the complete organization and incorporation of the association purporting thereby to have been established. (1981, c. 282, s. 3; 1983, c. 144, s. 9; 1985, c. 369; 1989 (Reg. Sess., 1990), c. 806, s. 18; 2001-193, s. 16.)
NC Gen Stat § 54B-15 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-15 - Final decision.

 54B-15. Final decision.The Commission shall present the Commissioner of Banks with a final decision which shall be in accordance with the applicable provisions of Chapter 150B of the General Statutes. (1981, c. 282, s. 3; 1987, c. 827, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54B-16 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-16 - Appeal.

 54B-16. Appeal.The final decision of the Commission may be appealed in accordance with Chapter 150B of the General Statutes. (1981, c. 282, s. 3; 1987, c. 827, s. 1.)
NC Gen Stat § 54B-17 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-17 - Insurance of accounts required.

 54B-17. Insurance of accounts required.All State associations must obtain and maintain insurance on all members' and customers' withdrawable accounts. Contracts for such insurance may be made only with an insurance corporation created by an act of Congress. Prior to the licensing of an association, a certificate of incorporation duly recorded under the provisions of G.S. 54B-14(c), shall be deemed to be sufficient certification to the insuring corporation that the association is a legal corporate entity. Such insurance must be obtained within the time limit prescribed in G.S. 54B-18. (1981, c. 282, s. 3; 1987, c. 237, s. 2.)
NC Gen Stat § 54B-18 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-18 - Time allowed to commence business.

 54B-18. Time allowed to commence business.A newly chartered association shall commence business within six months after the date upon which its corporate existence shall have begun. An association which shall not commence business within such time, shall forfeit its corporate existence, unless the Commissioner of Banks, before the expiration of such six-month period, shall have approved an extension of the time within which the association may commence business, upon a written request stating the reasons for which such request is made. Upon such forfeiture, the certificate of incorporation shall expire, and any and all action taken in connection with the incorporation and chartering of the association, with the exception of fees paid to the Division, shall become null and void. The Commissioner of Banks shall determine if an association has failed to commence business within six months, 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 association is located that the certificate of incorporation has expired. (1981, c. 282, s. 3; 2001-193, s. 16.)
NC Gen Stat § 54B-19 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-19 - Licensing.

 54B-19. Licensing.A newly chartered association shall be 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, and when it passes a final inspection by the Commissioner of Banks or his representatives preceding the opening of its doors for business. (1981, c. 282, s. 3; 2001-193, s. 16.)
NC Gen Stat § 54B-20 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-20 - Amendments to certificate of incorporation.

 54B-20. Amendments to certificate of incorporation.(a) Any addition, alteration or amendment to the certificate of incorporation of any State association shall be made at any annual or special meeting of such association, held in accordance with the provisions of G.S. 54B-106 and G.S. 54B-107, by a majority of votes or shares cast by members or stockholders present in person or by proxy at such meeting. Any such addition, alteration or amendment shall be signed, submitted to the Commissioner of Banks for his approval or rejection, and if approved, then certified by the Commissioner of Banks and recorded as provided in G.S. 54B-14 for certificates of incorporation.(b) Notwithstanding the provisions of subsection (a) of this section, any State association may change its registered office or its registered agent or both in accordance with the provisions of G.S. 55D-31. A copy of the statement or certificate certified by the Secretary of State shall be filed in the office of the Commissioner of Banks. (1981, c. 282, s. 3; 1981 (Reg. Sess., 1982), c. 1238, s. 4; 1985, c. 659, s. 17; 1989 (Reg. Sess., 1990), c. 806, s. 19; 2001-193, s. 16; 2001-358, s. 47(g); 2001-387, s. 173; 2001-413, s. 6.)
NC Gen Stat § 54B-21 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-21 - List of stockholders to be maintained.

 54B-21. List of stockholders to be maintained.Every stock association organized and operated under the provisions of this Chapter or its predecessor shall at all times cause to be kept an up-to-date list of the names of all its stockholders. Whenever called upon by the Commissioner of Banks, a stock association 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. (1981, c. 282, s. 3; 1983, c. 144, s. 10; 2001-193, s. 16.)
NC Gen Stat § 54B-23 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-23 - Application to change location of a branch or principal office.

 54B-23. Application to change location of a branch or principal office.(a) The board of directors of a State association may change the location of a branch office or the principal office of the association by submitting to the Commissioner of Banks an application for such change on forms prescribed by the Commissioner of Banks.(b) Upon receipt of an application accompanied by the proper application fee, the Commissioner of Banks shall conduct, or cause to be conducted, an examination and investigation of the facts and circumstances connected with the consideration of the application. After such examination and investigation, the Commissioner of Banks shall approve or deny the application.(c) If an application filed under this section is approved by the Commissioner of Banks and the association fails to change the location of such branch office or principal office within six months after the date of the order approving such application, such approval shall be revoked. Such a six-month period may be extended upon a showing to the satisfaction of the Commissioner of Banks of good cause. (1981, c. 282, s. 3; 1983, c. 144, s. 11; 2001-193, s. 16.)
NC Gen Stat § 54B-24 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-24 - Approval revoked; branch office.

 54B-24. Approval revoked; branch office.The Commission may, for good cause and after a hearing, order the closing of a branch office. Such order shall be made in writing to the association and shall fix a reasonable time after which the association shall close the branch office. (1981, c. 282, s. 3.)
NC Gen Stat § 54B-25 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 2 - Incorporation and Organization.|§ 54B-25 - Branch offices closed.

 54B-25. Branch offices closed.The board of a State association 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. (1981, c. 282, s. 3; 1983, c. 144, s. 12; 1989, c. 76, s. 5; 1991 (Reg. Sess., 1992), c. 829, s. 2; 2001-193, s. 16.)
NC Gen Stat § 54B-32 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 3 - Fundamental Changes.|§ 54B-32 - Simultaneous charter and ownership conversion.

 54B-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. 54B-30. After the association becomes a federal association, then the federal regulatory authority shall govern the continuing conversion of the form of ownership of such newly converted association.(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. 54B-31. After the association becomes a State association, the provisions of G.S. 54B-33 or 54B-34 shall govern the continuing conversion of the form of ownership of such newly converted association.(c) The provisions of this section shall not apply to any simultaneous charter and ownership conversion accomplished in conjunction with a merger under the provisions of G.S. 54B-39. (1981, c. 282, s. 3; 1981 (Reg. Sess., 1982), c. 1238, s. 9.)
NC Gen Stat § 54B-34 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 3 - Fundamental Changes.|§ 54B-34 - Conversion of stock associations to mutual associations.

 54B-34. Conversion of stock associations to mutual associations.Any stock savings and loan association organized and operating under the provisions of this Chapter may, subject to the approval of the Commission, convert to a mutual savings and loan association under the provisions of this section. The Commissioner of Banks may promulgate rules and regulations governing the conversion of stock associations to mutual associations. Such rules and regulations shall include, but shall not be limited to requirements that:(1) The conversion neither impair the capital of the converting association nor adversely affect its operations;(2) The conversion shall be fair and equitable to all stockholders of the converting associations;(3) The public shall not be adversely affected by the conversion;(4) Conversion of an association shall be accomplished only pursuant to a plan approved by the Commissioner of Banks. Said plan must have been approved by an affirmative vote of two thirds of the members of the board of directors of the converting association, and only after a full and fair disclosure to the stockholders, by an affirmative vote [of] a majority of the total votes which stockholders of the association are eligible and entitled to cast;(5) The plan of conversion provides that:a. Withdrawable accounts be issued in connection with the conversion to the stockholders of the converting association;b. A uniform date be fixed for the determination of the stockholders to whom, and the amount to each stockholder of which, withdrawable accounts shall be made available;c. Withdrawable 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 association. (1981, c. 282, s. 3; 2001-193, s. 16.)
NC Gen Stat § 54B-34.1 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 3 - Fundamental Changes.|§ 54B-34.1 - Conversion to State association.

 54B-34.1. Conversion to State association.(a) A savings bank 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 association 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 association, 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 costs of 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 Commissioner of Banks' objections shall be stated in writing and the converting depository institution shall be given an opportunity to amend its 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 association. 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. (1993, c. 163, s. 5; 2001-193, s. 16.)
NC Gen Stat § 54B-34.2 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 3 - Fundamental Changes.|§ 54B-34.2 - Conversion to bank.

 54B-34.2. Conversion to bank.(a) A savings and loan association, upon a majority vote of its board of directors, may apply to the Commissioner of Banks for permission to convert to a bank, as defined under G.S. 53C-1-4(4), or to a national bank or other form of depository institution and for certification of appropriate amendments to its certificate of incorporation to effect the change. Upon receipt of an application to so convert, the Commissioner of Banks shall examine all facts connected with the conversion including receipt of approval of the converting institution's plan of conversion by other federal or state regulatory agencies having jurisdiction over the institution upon completion of its conversion. The depository institution applying for permission to convert shall pay all the expenses and costs of 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 Commissioner of Banks' objections shall be stated in writing and the converting depository institution shall be given an opportunity to amend its 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 the members or the shareholders at a duly called and properly convened meeting of the members or shareholders. Following the meeting of the members or shareholders, 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 bank, national bank, or other form of depository institution. 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.  (1993, c. 163, s. 5; 2001-193, s. 16; 2012-56, s. 37.)
NC Gen Stat § 54B-36 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 3 - Fundamental Changes.|§ 54B-36 - Merger of associations where ownership is converted.

 54B-36. Merger of associations where ownership is converted.(a) Any two or more State mutual associations organized or operating may merge to form a single State stock association. The procedure to effect such a merger and conversion of ownership shall be as follows:(1) The merging associations shall merge (to form a mutual association), as provided under G.S. 54B-35.(2) The surviving association shall then convert to a stock association, as provided under G.S. 54B-33.(b) Any two or more State stock associations organized or operating may merge to form a single mutual association. The procedure to effect such a merger and conversion of ownership shall be as follows:(1) The merging associations shall merge (to form a stock association), as provided under G.S. 54B-35.(2) The surviving association shall then convert to a mutual association, as provided under G.S. 54B-34.(b1) Nothing in this section shall be construed to prevent a simultaneous merger-conversion in subsections (a) and (b) of this section.(c) The Commissioner of Banks may promulgate rules and regulations to facilitate the transition from two or more associations to a single association under a new form of ownership. (1981, c. 282, s. 3; 1985, c. 659, s. 6; 2001-193, s. 16.)
NC Gen Stat § 54B-37 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 3 - Fundamental Changes.|§ 54B-37 - Merger of mutual and stock associations.

 54B-37. Merger of mutual and stock associations.(a) Any State mutual association and any State stock association, organized or operating, may merge to form a single stock association. The procedure to effect such a merger shall be as follows:(1) The mutual association involved shall convert separately to a stock association, as provided under G.S. 54B-33.(2) The two stock associations shall then merge to form a single stock association, as provided in G.S. 54B-35.(b) Any State mutual association, and any State stock association organized or operating may merge to form a mutual association. The procedure to effect such merger shall be as follows:(1) The stock association involved shall convert separately to a mutual association, as provided under G.S. 54B-34.(2) The two mutual associations shall then merge to form a single mutual association, as provided in G.S. 54B-35.(b1) Nothing in this section shall be construed to prevent a simultaneous conversion-merger in subsections (a) and (b) of this section.(c) The Commissioner of Banks is hereby empowered to promulgate rules and regulations to facilitate such a merger of mutual with stock associations. (1981, c. 282, s. 3; 1985, c. 659, s. 7; 2001-193, s. 16.)
NC Gen Stat § 54B-39 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 3 - Fundamental Changes.|§ 54B-39 - Merger of federal with State associations.

 54B-39. Merger of federal with State associations.(a) Any two or more associations, when one or more is a State association and one or more is a federal association operating in North Carolina, may merge to form one association under either a State or federal charter.(b) The Commissioner of Banks shall promulgate rules and regulations to facilitate the merger of federal and State associations. (1981, c. 282, s. 3; 1981 (Reg. Sess., 1982), c. 1238, s. 10; 2001-193, s. 16.)
NC Gen Stat § 54B-40 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 3 - Fundamental Changes.|§ 54B-40 - Voluntary dissolution by directors.

 54B-40. Voluntary dissolution by directors.A State association 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 association 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. (1981, c. 282, s. 3; 1989 (Reg. Sess., 1990), c. 806, s. 20; 1991, c. 707, s. 2.)