reglab/housing_qa huggingface dataset:
NC Gen Stat § 53A-41 (2021)
2021 North Carolina General Statutes|Chapter 53A - Business Development Corporations and North Carolina Capital Resource Corporations|Article 3 - North Carolina Enterprise Corporations.|§ 53A-41 - Governing law.

 53A-41. Governing law. Except as otherwise provided in this Article, a North Carolina Enterprise Corporation shall be governed by Chapter 55 of the General Statutes. (1987 (Reg. Sess., 1988), c. 882, s. 1.)
NC Gen Stat § 53A-42 (2021)
2021 North Carolina General Statutes|Chapter 53A - Business Development Corporations and North Carolina Capital Resource Corporations|Article 3 - North Carolina Enterprise Corporations.|§ 53A-42 - Powers.

 53A-42. Powers.A North Carolina Enterprise Corporation created under this Article shall have all the powers conferred on business corporations by Chapter 55 of the General Statutes. (1987 (Reg. Sess., 1988), c. 882, s. 1.)
NC Gen Stat § 53A-43 (2021)
2021 North Carolina General Statutes|Chapter 53A - Business Development Corporations and North Carolina Capital Resource Corporations|Article 3 - North Carolina Enterprise Corporations.|§ 53A-43 - Primary investments.

 53A-43. Primary investments.The primary investments of a North Carolina Enterprise Corporation shall be in Qualified North Carolina Businesses that have significant potential to create jobs and diversify and stabilize the economy of rural areas of this State. (1987 (Reg. Sess., 1988), c. 882, s. 1.)
NC Gen Stat § 53A-44 (2021)
2021 North Carolina General Statutes|Chapter 53A - Business Development Corporations and North Carolina Capital Resource Corporations|Article 3 - North Carolina Enterprise Corporations.|§ 53A-44 - Prohibited investments.

 53A-44. Prohibited investments.Investments by a North Carolina Enterprise Corporation shall not be made in any business unless the business can demonstrate to the satisfaction of the North Carolina Enterprise Corporation that the business cannot obtain sufficient financing through traditional financial institutions. (1987 (Reg. Sess., 1988), c. 882, s. 1.)
NC Gen Stat § 53A-45 (2021)
2021 North Carolina General Statutes|Chapter 53A - Business Development Corporations and North Carolina Capital Resource Corporations|Article 3 - North Carolina Enterprise Corporations.|§ 53A-45 - Board of directors.

 53A-45. Board of directors.The business and affairs of a North Carolina Enterprise Corporation shall be managed and conducted by a board of directors and by such officers and agents as the corporation by its bylaws shall authorize. The initial board of directors shall be those listed in the Articles of Incorporation. At the initial shareholders meeting, and thereafter annually, the voting common stock shareholders shall elect a board of directors comprised of not less than thirteen (13) members in accordance with the following conditions:(1) Not less than five (5) members who are employed by the North Carolina banks that invest in the common stock of the North Carolina Enterprise Corporation;(2) Not less than five (5) members who are representatives of North Carolina savings and loans, insurance companies, utility companies, endowment funds, public investors, private businesses, private individuals, or others that invest in the common stock of the North Carolina Enterprise Corporation;(3) Not less than two (2) members who are the representatives of appropriate public interests, which persons shall not be employed by any bank, entity, or person that owns common stock of the North Carolina Enterprise Corporation;(4) One member who is the President or the Chief Executive Officer of the North Carolina Enterprise Corporation. (1987, Reg. Sess., 1988), c. 882, s. 1.)
NC Gen Stat § 53A-47 (2021)
2021 North Carolina General Statutes|Chapter 53A - Business Development Corporations and North Carolina Capital Resource Corporations|Article 3 - North Carolina Enterprise Corporations.|§ 53A-47 - Charter void unless business begun; Article void unless corporation organized.

 53A-47. Charter void unless business begun; Article void unless corporation organized.If a corporation organized pursuant to this Article fails to begin business within three years after the effective date of its charter then its charter is void. If, at the expiration of three years after July 1, 1988, no corporation has been organized pursuant to this Article, then on that date this Article shall expire. (1987 (Reg. Sess., 1988), c. 882, s. 1.)
NC Gen Stat § 53C-1-1 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 1 - General Provisions.|§ 53C-1-1 - Title.

 53C-1-1. Title.This Chapter shall be known and may be cited as Regulation of Banks and Other Financial Services.  (2012-56, s. 4.)
NC Gen Stat § 53C-1-2 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 1 - General Provisions.|§ 53C-1-2 - Scope and applicability of Chapter.

 53C-1-2. Scope and applicability of Chapter.(a) Unless the context specifies otherwise, this Chapter shall apply to the following:(1) All existing banks organized or created under the laws of this State.(2) All banks created under the provisions of Article 3 of this Chapter.(3) All persons who subject themselves to the provisions of this Chapter.(4) All persons who become subject to the penalties provided for in this Chapter as a consequence of violating any of the provisions of this Chapter.(b) Transactions validly entered into before October 1, 2012, and the rights, duties, and interests flowing from them remain valid and may be terminated, completed, or enforced as required or permitted by any statute amended or repealed by the law by which this act was enacted as though the amendment or repeal had not occurred.(c) Except as restricted by federal law, a federally chartered depository institution that has a branch in this State shall have all the rights, powers, and privileges and shall be entitled to the same exemptions and immunities as banks organized or created under the laws of this State.(d) Except as restricted by federal law or the laws of another state in which it was organized or created, an out-of-state bank that has a branch in this State shall have, with respect to activities conducted through such branch, all the rights, powers, and privileges and shall be entitled to the same exemptions and immunities as banks organized and created under the laws of this State.(e) Any reference in this Chapter to a state or federal law, regulation, or agency shall be deemed to refer to any replacement law or regulation or any successor agency, whether or not this Chapter explicitly provides for that reference.  (2012-56, s. 4.)
NC Gen Stat § 53C-1-3 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 1 - General Provisions.|§ 53C-1-3 - Existing banks; prohibitions, injunctions.

 53C-1-3. Existing banks; prohibitions, injunctions.(a) No depository institution organized or created under the laws of this State may operate as a bank except in accordance with this Chapter. Banks established prior to October 1, 2012, may continue operation under their existing organizational documents but shall be subject to all other requirements of this Chapter.(b) No person shall operate in this State as a "bank," "savings bank," "savings and loan association," "trust company," or otherwise as a depository institution or trust institution unless established as a depository institution or trust institution under the laws of this State or another state or established under federal law. Unless so authorized, no person doing business in this State shall do either of the following:(1) Use in its name the term "bank," "savings and loan," "savings bank," "banking company," "trust company," or words of similar meaning that lead the public reasonably to believe that it conducts the business of a depository institution or trust institution.(2) Use any sign, letterhead, circular, or Web site content or advertise or communicate in any manner that would lead the public reasonably to believe that it conducts the business of a depository institution or trust institution.(c) Upon application by the Commissioner, a court of competent jurisdiction may issue an injunction to restrain any person from violating or from continuing to violate this section.  (2012-56, s. 4.)
NC Gen Stat § 53C-1-5 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 1 - General Provisions.|§ 53C-1-5 - Severability.

 53C-1-5. Severability.If any provision of this Chapter is found by any court of competent jurisdiction to be invalid as to any person or circumstance, or to be preempted by federal law, the remaining provisions of this Chapter shall not be affected and shall continue to apply to any other person or circumstance.  (2012-56, s. 4.)
NC Gen Stat § 53C-2-2 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 2 - Commission and Commissioner.|§ 53C-2-2 - The Commissioner.

 53C-2-2. The Commissioner.(a) Effective April 1, 2011, and quadrennially thereafter, the Governor shall appoint a Commissioner, which appointment shall be subject to confirmation by the General Assembly by joint resolution. The name of the individual appointed to be Commissioner shall be submitted to the General Assembly on or before February 1 of the year in which the individual's term of office begins. The term of office for the Commissioner shall be four years. In case of a vacancy in the office of Commissioner, the Governor shall appoint an individual to serve as Commissioner on an interim basis pending confirmation of a nominee by the General Assembly.(b) The Commissioner has the powers enumerated in this Chapter and otherwise provided by North Carolina law and such other powers as may be necessary for the proper discharge of the Commissioner's duties, including the power to enter into contracts. The Commissioner shall act as the executive officer of the Commission.(c) The Commissioner is authorized to subpoena witnesses and compel their attendance, require the production of evidence, administer oaths, and examine any person under oath in connection with any subject related to any power vested or duty imposed on the Commissioner under this Chapter.(d) The Commissioner may sue and prosecute or defend in any action or proceeding in any courts of this State or any other state and in any court of the United States for the enforcement or protection of any right or pursuit of any remedy necessary or proper in connection with the subjects committed to the Commissioner for administration or in connection with any bank or the rights, liabilities, property, or assets thereof under the Commissioner's supervision. Nothing herein shall be construed to render the Commissioner liable to be sued except as other departments and agencies of the State may be liable under the general law. The Commissioner may exercise any jurisdiction, supervise, regulate, examine, or enforce any banking law and any State consumer protection laws or federal laws with respect to which the Commissioner has enforcement jurisdiction.(e) The Commissioner shall have a seal of office bearing the legend "State of North Carolina - Commissioner of Banks." The Commissioner may adopt other symbols or marks of office.  (2012-56, s. 4; 2013-29, s. 3.)
NC Gen Stat § 53C-2-3 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 2 - Commission and Commissioner.|§ 53C-2-3 - The Office of the Commissioner of Banks.

 53C-2-3. The Office of the Commissioner of Banks.(a) The Commissioner shall be assisted in the performance of the duties of office by (i) one or more deputy commissioners and (ii) examiners, investigators, counsel, and other employees under the supervision of the Commissioner, all of whom, together with the Commissioner, shall comprise the "Office of the Commissioner of Banks." In addition, the work of the OCOB may be conducted by employees of other agencies of government and by agents and independent contractors of the OCOB. The Commissioner may appoint or remove at his or her discretion any deputy commissioner.(b) The Commissioner shall appoint, with the approval of the Governor, and may remove at the Commissioner's discretion, a chief deputy commissioner. The chief deputy commissioner may perform such duties and exercise such powers of the Commissioner as the Commissioner may direct. In the event of the absence, death, resignation, disability, or disqualification of the Commissioner, or in case the office of Commissioner otherwise becomes vacant, the chief deputy commissioner shall perform the duties and exercise all the powers vested in the Commissioner until the Governor appoints an acting Commissioner.(c) Except as otherwise provided in this Chapter, the OCOB and its employees are exempt from the classification and compensation rules established by the State Human Resources Commission pursuant to G.S. 126-4(1) through (4); G.S. 126-4(5) only as it applies to hours and days of work, vacation, and sick leave; G.S. 126-4(6) only as it applies to promotion and transfer; G.S. 126-4(10) only as it applies to the prohibition of the establishment of incentive pay programs; and Article 2 of Chapter 126 of the General Statutes, except for G.S. 126-7.1. The salary of the Commissioner shall be fixed by the General Assembly.(d) The Attorney General shall assign an attorney from the Department of Justice to work full time with the Commission. The attorney shall be subject to all provisions of Chapter 126 of the General Statutes relating to the State Human Resources system. The Commission shall fully reimburse the Department of Justice for the compensation, secretarial support, equipment, supplies, records, and other property to support the attorney.  (2012-56, s. 4; 2013-382, s. 9.1(c); 2014-115, s. 55.4(c).)
NC Gen Stat § 53C-2-4 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 2 - Commission and Commissioner.|§ 53C-2-4 - Administration of the Office of the Commissioner of Banks.

 53C-2-4. Administration of the Office of the Commissioner of Banks.(a) As authorized in Chapters 54B, 54C, and this Chapter, the OCOB shall be funded by annual or periodic assessments, licensing fees and charges, and reimbursements for examination costs. This list is not exclusive. The OCOB may not levy assessments, fees, or other charges except as expressly provided in this Chapter or by rule adopted in accordance with the provisions of Chapter 150B of the General Statutes and the provisions of this section. The Commissioner is authorized, in the exercise of reasonable discretion, to establish the time, place, and method for the payment of assessments, fees, charges, and costs.(b) Not less than 30 days prior to the commencement of each fiscal year, the OCOB shall prepare and submit to the Commission a budget for the upcoming fiscal year, including the estimated revenues and expenses for the year. The Commission shall review the budget in a meeting prior to the commencement of the fiscal year with respect to which the budget has been presented and shall approve or modify the budget at the meeting.  (2012-56, s. 4.)
NC Gen Stat § 53C-2-5 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 2 - Commission and Commissioner.|§ 53C-2-5 - Rule making.

 53C-2-5. Rule making.(a) The Commissioner, subject to review and approval by the Commission, may make all necessary rules with respect to the establishment, operation, conduct, and termination of any and all activities and businesses that are subject to licensing, regulation, supervision, or examination by the Commissioner under this Chapter.(b) The rule-making authority conferred on the Commissioner by this section shall be in addition to and not in derogation of any specific rule-making authority by any other provision of this Chapter or otherwise provided by North Carolina law.  (2012-56, s. 4.)
NC Gen Stat § 53C-2-6 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 2 - Commission and Commissioner.|§ 53C-2-6 - Hearings and appeals.

 53C-2-6. Hearings and appeals.(a) Any administrative hearing required or permitted to be held by the Commissioner shall be conducted in accordance with Article 3A of Chapter 150B of the General Statutes.(b) Upon an appeal to the Commission by any party from an order entered by the Commissioner following an administrative hearing pursuant to Article 3A of Chapter 150B of the General Statutes, the chair of the Commission may appoint an appellate review panel of not fewer than three members to review the record on appeal, hear oral arguments, and make a recommended decision to the Commission. Unless another time period for appeals is provided by this Chapter, any party to an order by the Commissioner may, within 20 days after the order and upon written notice to the Commissioner, appeal the Commissioner's order to the Commission for review. The notice of appeal shall state the grounds for the appeal and set forth in numbered order the assignments of error for review by the Commission. Failure to state the grounds for the appeal and assignments of error shall constitute grounds to dismiss the appeal. Failure to comply with the briefing schedule provided by the Commission shall also constitute grounds to dismiss the appeal. Upon receipt of a notice of appeal, the Commissioner shall, within 30 days of the notice, certify to the Commission the record on appeal. Any party to a proceeding before the Commission may, within 20 days after final order of the Commission, petition the Superior Court of Wake County for judicial review of a final determination of any question of law that may be involved. The petition for judicial review shall be entitled "(insert name) Petitioner v. State of North Carolina on Relation of the Commission." A copy of the petition for judicial review shall be served upon the Commissioner pursuant to G.S. 150B-46. The petition shall be placed on the civil issue docket of the court and shall have precedence over other civil actions. Within 15 days of service of the petition for judicial review, the Commissioner shall certify the record to the Clerk of Superior Court of Wake County. The standard of review of a petition for judicial review of a final order of the Commission shall be as provided in G.S. 150B-51(b).(c) The hearing officer at administrative hearings conducted under the authority of the Commissioner may be the Commissioner, a deputy commissioner, or other suitable person designated by the Commissioner to serve as a hearing officer.(d) The Commission may conduct public hearings on matters within its purview.  (2012-56, s. 4.)
NC Gen Stat § 53C-3-1 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 3 - Organization of a Bank.|§ 53C-3-1 - Application to organize a bank.

 53C-3-1. Application to organize a bank.(a) An applicant for permission to organize a bank and for a charter must file an application with the Commissioner. The application shall be in the form required by the Commissioner and shall contain such information as the Commissioner requires, set forth in sufficient detail to enable the Commissioner to evaluate the applicant's satisfaction of the criteria set forth in G.S. 53C-3-4. The applicant shall pay a nonrefundable application fee as provided by rule at the time of filing the application.(b) Upon receipt of an application, the Commissioner shall conduct an examination of the applicant and any other matters deemed relevant by the Commissioner. The Commissioner may require additional information and may require the amendment of the application in the course of the examination. An applicant's failure to furnish all required information or to pay the required fee within 30 days after filing the application may be considered an abandonment of the application.  (2012-56, s. 4.)
NC Gen Stat § 53C-3-2 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 3 - Organization of a Bank.|§ 53C-3-2 - Permission to organize a bank.

 53C-3-2. Permission to organize a bank.(a) With the approval of the Commissioner, the organizers may file articles of incorporation for the proposed bank with the Secretary of State. The Commissioner shall authorize the organization of the proposed bank if the Commissioner is satisfied that each of the following conditions is met:(1) The application is complete.(2) The Commissioner's examination as provided for in G.S. 53C-3-1 indicates that the requirements for the issuance of a charter to the applicant are reasonably probable of satisfaction.(3) The proposed name of the proposed bank is not likely to mislead the public as to its character or purpose and is not the same as a name already adopted by an existing depository institution or trust institution operating in this State.(b) If the Commissioner approves the organization of the proposed bank, the Commissioner shall issue a certificate to the Secretary of State. The Secretary of State shall transmit to the Commissioner a certified copy of the filed articles of incorporation of the proposed bank.(c) Unless and until the Commissioner issues a charter to the proposed bank:(1) The proposed bank shall not transact any business except such as is incidental and necessary to its organization or the application for a charter or preparation for commencing the business of banking.(2) All funds paid for shares of the proposed bank shall be placed in escrow under a written escrow with a third-party escrow agent satisfactory to the Commissioner.(3) All funds for shares placed into escrow, and all dividends or interest on such funds, may be removed from escrow only with the Commissioner's approval except to the extent that such funds are refunded to subscribers or as otherwise required by law.(d) A proposed bank is subject to the jurisdiction of the Commissioner.  (2012-56, s. 4.)
NC Gen Stat § 53C-3-3 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 3 - Organization of a Bank.|§ 53C-3-3 - Articles of incorporation of a proposed bank.

 53C-3-3. Articles of incorporation of a proposed bank.(a) The articles of incorporation of a proposed bank shall be signed and acknowledged by or on behalf of an organizer and shall contain the following:(1) The information required to be set forth in articles of incorporation under Chapter 55 of the General Statutes.(2) Any provision consistent with Chapter 55 of the General Statutes and other applicable law that the organizers elect to set forth for the regulation of the internal affairs of the proposed bank and that the Commissioner authorizes or requires.(3) Any provision the Commissioner requires or authorizes as a substitute for a provision that otherwise would be required by Chapter 55 of the General Statutes.(b) Before the chartering of a proposed bank, the articles of incorporation filed under the provisions of G.S. 53C-3-2 shall be sufficient certification to the FDIC that the proposed bank is a legal entity.  (2012-56, s. 4.)