reglab/housing_qa huggingface dataset:
NC Gen Stat § 53C-7-104 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 7 - Control Transactions; Combinations; Conversions.|§ 53C-7-104 - Actions on control transaction applications.

 53C-7-104. Actions on control transaction applications.(a) The Commissioner shall examine the proposed control transaction, including the character, competence, and experience of the acquiring person and its proposed management personnel, to determine whether the interests of the customers and communities served by the bank would be adversely affected by the proposed control transaction. Not later than the 60th day following receipt of a completed application for approval of a control transaction, unless extraordinary circumstances require a longer period of review, the Commissioner shall approve or deny the application.(b) The Commissioner may deny an application for approval of a control transaction for any of the following reasons:(1) The financial condition of the person seeking approval of a control transaction could jeopardize the financial stability of the bank or the financial interests of its customers.(2) An examination of the character, competence, and experience of any acquiring person or of any of the proposed management personnel shows that it would not be in the interest of the depositors of the bank, or in the interest of the public, to permit the person to control the bank.(3) The plans or proposals of the person seeking approval with respect to exercising control over the bank would not be in the best interests of the bank's customers.(4) Upon the effective date of such proposed control transaction, the bank would not be solvent, have inadequate capital, or not be in compliance with this Chapter or rules of the Commissioner.(5) The application for approval is incomplete.(6) If the acquiring person solicits votes for the approval of or consents to the control transaction from the holders of the voting securities of the bank, adequate and complete disclosures of all material information about the proposed control transaction, together with a prominent statement that neither the control transaction nor any solicitation of the holders' votes or consents have been approved by the Commissioner and that any representation to the contrary is a criminal offense, have not been made to the holders.(c) If an application filed under this Part is approved by the Commissioner, the control transaction may become effective. All conditions to approval set forth in the order of the Commissioner shall be enforceable against the person, and each member of a group of persons, receiving the approval.  (2012-56, s. 4.)
NC Gen Stat § 53C-7-105 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 7 - Control Transactions; Combinations; Conversions.|§ 53C-7-105 - Appeal.

 53C-7-105. Appeal.Any order of the Commissioner denying an application for approval of a control transaction may be appealed to the Commission by the person filing the application denied, as provided in G.S. 53C-2-6.  (2012-56, s. 4.)
NC Gen Stat § 53C-7-201 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 7 - Control Transactions; Combinations; Conversions.|§ 53C-7-201 - Combination authority.

 53C-7-201. Combination authority.With the approval of the Commissioner, a bank may combine with one or more depository institutions or non-depository institutions, provided that the bank is the surviving entity in any combination with a non-depository institution. The application for approval shall be in the form required by the Commissioner and shall be accompanied by a fee as set forth by rule.  (2012-56, s. 4.)
NC Gen Stat § 53C-7-202 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 7 - Control Transactions; Combinations; Conversions.|§ 53C-7-202 - Combination application and investigation.

 53C-7-202. Combination application and investigation.(a) A bank seeking approval of a combination shall file with the Commissioner an application for approval, copies of the agreement under which the bank proposes to effect the combination, and such additional information as the Commissioner shall require by rule or as is required by the Commissioner in connection with the application in order to achieve the objectives of this Chapter.(b) A bank filing an application for approval of a combination shall publish a public notice of the filing of the application not more than 30 days before nor more than 10 days after the filing of the application with the Commissioner. The public notice shall contain the following:(1) A statement that the application has been filed with the Commissioner.(2) The names of the parties to the proposed combination and the addresses of their principal offices.(3) A statement that any interested person may make written comment on the proposed combination and that comments received by the Commissioner within 14 days of the date of the publication of the public notice shall be considered. The public notice shall contain the current mailing address of the Commissioner.(c) The Commissioner shall examine the proposed combination, including the character, competency, and experience of the proposed directors and executive officers of the surviving party of the combination, to determine whether the interests of the customers of and communities served by the parties to the combination would be adversely affected by the proposed combination.(d) Notwithstanding any laws to the contrary, information about the character, competence, or experience of the directors and executive officers of the parties to a combination received by the Commissioner shall be subject to G.S. 53C-2-7(b).  (2012-56, s. 4.)
NC Gen Stat § 53C-7-203 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 7 - Control Transactions; Combinations; Conversions.|§ 53C-7-203 - Decision on application.

 53C-7-203. Decision on application.Based on the application and the Commissioner's examination, the Commissioner shall enter an order approving or denying approval of the proposed combination not later than the 60th day following the date the Commissioner notifies the parties that the application is complete, unless extraordinary circumstances require a longer period of review.  (2012-56, s. 4.)
NC Gen Stat § 53C-7-204 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 7 - Control Transactions; Combinations; Conversions.|§ 53C-7-204 - Interim banks.

 53C-7-204. Interim banks.The Commissioner may approve an application to organize an interim bank solely for the purpose of effecting a combination under this Article. No interim bank shall transact any business except as is incidental and necessary to its organization and the combination. The Commissioner may set forth in the order approving the organization such additional conditions with respect to the interim bank as the Commissioner deems necessary.  (2012-56, s. 4.)
NC Gen Stat § 53C-7-205 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 7 - Control Transactions; Combinations; Conversions.|§ 53C-7-205 - Fiduciary powers and liabilities in a combination or a transferring of assets and liabilities.

 53C-7-205. Fiduciary powers and liabilities in a combination or a transferring of assets and liabilities.Whenever any depository institution or any trust institution shall combine with or shall sell to and transfer its assets and liabilities to any other depository institution, trust institution, or other company, as provided by the laws of this State or the United States, all the then existing fiduciary rights, powers, duties, and liabilities of the combining or transferring institution, including the rights, powers, duties, and liabilities as executor, administrator, guardian, trustee, and/or any other fiduciary capacity, whether under appointment by order of court, will, deed, or other instrument, shall, upon the effective date of the combination or sale and transfer, vest in, devolve upon, and thereafter be performed by the surviving or transferee company, and such latter institution shall be deemed substituted for and shall have all the rights and powers of the transferring institution.  (2012-56, s. 4; 2013-29, s. 16.)
NC Gen Stat § 53C-7-206 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 7 - Control Transactions; Combinations; Conversions.|§ 53C-7-206 - Combination with federally chartered institution.

 53C-7-206. Combination with federally chartered institution.A combination by a bank with a federally chartered institution in which the federally chartered institution will be the surviving party shall be subject to approval by the chartering authority of the federally chartered institution in accordance with the laws of the United States.  (2012-56, s. 4.)
NC Gen Stat § 53C-7-207 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 7 - Control Transactions; Combinations; Conversions.|§ 53C-7-207 - Combination with a nonbank subsidiary.

 53C-7-207. Combination with a nonbank subsidiary.(a) Except as provided in subsection (c) of this section, a bank proposing to do any of the following combinations shall give prior written notice to the Commissioner that provides the details of the proposed combination that are required by the Commissioner:(1) Combine with a nonbank subsidiary, if the bank is the resulting entity of the combination.(2) Combine a nonbank subsidiary with another company that is not a depository institution, if the nonbank subsidiary is the resulting entity.(3) Combine two or more nonbank subsidiaries of two or more banks under common control of the same holding company.Unless the Commissioner, within 30 days of receiving the notice, notifies the bank or subsidiary that the Commissioner objects to the proposed combination, the bank or subsidiary may complete the combination. However, the Commissioner may extend the period to object to the proposed combination if the Commissioner determines that it raises issues that require additional information or additional time for analysis. While the objection period is so extended, the bank or subsidiary may not proceed with respect to the proposed combination.(b) A bank may, pursuant to G.S. 53C-2-6, appeal an objection by the Commissioner.(c) The prior written notice requirement of subsection (a) of this section is not required (i) for a combination of a nonbank subsidiary and another company that is not a depository institution, provided the nonbank subsidiary is not the resulting entity, (ii) for a combination of two or more nonbank subsidiaries of the same bank, each of which shall be effected in accordance with applicable organizational law, or (iii) if all of the following apply:(1) The bank is well-capitalized and well-managed as demonstrated by the supervisory rating it received during its most recent examination.(2) The nonbank subsidiary with which the combination is to be made engages in either of the following activities:a. One in which the bank is then engaged or has previously been engaged, directly or through a different subsidiary, and for which all necessary approvals of bank supervisory agencies and of the Commissioner have previously been obtained and remain in effect.b. One for which no prior notice or application for approval to any federal bank supervisory authority is required.(3) The bank notifies the Commissioner in writing of the combination within 30 days thereafter.  (2012-56, s. 4; 2013-29, s. 17; 2017-165, s. 9.)
NC Gen Stat § 53C-7-209 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 7 - Control Transactions; Combinations; Conversions.|§ 53C-7-209 - Appeal.

 53C-7-209. Appeal.Any order of the Commissioner denying an application for approval of a combination may be appealed to the Commission by a party to the combination as provided in G.S. 53C-2-6.  (2012-56, s. 4.)
NC Gen Stat § 53C-7-302 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 7 - Control Transactions; Combinations; Conversions.|§ 53C-7-302 - Appeal.

 53C-7-302. Appeal.Any order of the Commissioner denying an application for approval of a conversion to a bank may be appealed to the Commission by the party filing the application as provided in G.S. 53C-2-6.  (2012-56, s. 4.)
NC Gen Stat § 53C-7-303 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 7 - Control Transactions; Combinations; Conversions.|§ 53C-7-303 - Conversion by North Carolina bank.

 53C-7-303. Conversion by North Carolina bank.(a) A bank may convert to another form of depository institution under the laws of this State, of another state, or the United States in accordance with applicable law.(b) Upon the effective date of the conversion, the depository institution shall notify the Commissioner of the effective date and file with the Commissioner a copy of its authorization to operate as a depository institution certified by the applicable federal regulator or financial institution regulator.(c) Upon the effective date of the conversion, the resulting depository institution shall cease to be a bank.(d) Upon the effective date of the conversion, all rights, liabilities, and obligations of whatever kind of the bank shall continue and remain in its new form of organization as a depository institution organized under the laws of this State, another state, or the United States. All actions and proceedings to which the bank was party prior to conversion shall be unaffected by the conversion and shall proceed as if the conversion had not been effected.  (2012-56, s. 4.)
NC Gen Stat § 53C-8-1 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-1 - Commissioner has authority to supervise banks.

 53C-8-1. Commissioner has authority to supervise banks.(a) Every bank shall be under the supervision of the Commissioner. It shall be the Commissioner's duty to enforce the banking laws through the employees and agents of the OCOB. All banks shall conduct their business in a manner consistent with the banking laws.(b) The Commissioner may enter into written agreements, cease and desist order stipulations, cease and desist orders, consent orders, and similar arrangements with banks and their holding companies, or either of them; may request resolutions be approved by boards of directors of banks and their holding companies, or either of them; and may take other similar corrective actions.(c) Upon written request, the Commissioner may, notwithstanding any other provision of law to the contrary, issue letters of interpretation, advisory opinions, or written guidance on any laws under the Commissioner's jurisdiction, provided that the interpretations, opinions, and guidance shall not have the force and effect of rules of law.  (2012-56, s. 4.)
NC Gen Stat § 53C-8-3 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-3 - Reports required of banks.

 53C-8-3. Reports required of banks.(a) Each bank shall file the following with the Commissioner, at such times, on such forms, and in such formats as the Commissioner may require:(1) Annual reports of conditions.(2) Periodic reports for interim periods within a year, not less than monthly in any case.(b) In addition to the reports filed pursuant to subsection (a) of this section, each bank shall provide to the Commissioner copies of all applications and reports of condition filed by it under applicable federal law contemporaneously with the filing of such application and reports by the bank with its primary federal regulator.(c) Nothing in this section shall be interpreted to limit the authority of the Commissioner to request and obtain other information that the Commissioner may deem necessary to discharge the duties of the Commissioner under this Chapter.  (2012-56, s. 4.)
NC Gen Stat § 53C-8-4 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-4 - Examination by Commissioner.

 53C-8-4. Examination by Commissioner.(a) The Commissioner may examine everything relating to the business of a bank or its holding company, and may appoint examiners to make such examination. The examiners shall file with the Commissioner a full report of the findings resulting from the examination, including any violation of law or any unauthorized or unsafe practices of the bank or the holding company disclosed by the examination.(b) Examinations under subsection (a) of this section shall be conducted pursuant to practices and procedures established by the OCOB, provided the Commissioner may take into consideration the guidelines and requirements for such activity of the primary federal supervisor of the bank or holding company.(c) The Commissioner shall furnish a copy of the report of examination to the bank or the holding company examined and may, upon request, furnish a copy of the report to the primary federal regulator of the bank or its holding company and to the FDIC if not the bank's primary federal regulator.  (2012-56, s. 4.)
NC Gen Stat § 53C-8-5 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-5 - Examination of affiliates.

 53C-8-5. Examination of affiliates.The Commissioner, at his or her discretion, may examine the affiliates of a bank to the extent it is necessary to safeguard the interest of depositors and creditors of the bank and of the general public, and to enforce the provisions of this Chapter. The Commissioner may conduct the examination in conjunction with any examination of the bank or an affiliate thereof conducted by any other state or federal regulatory authority.  (2012-56, s. 4.)
NC Gen Stat § 53C-8-6 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-6 - Access to books and records; right to issue subpoenas, administer oaths, and examine witnesses.

 53C-8-6. Access to books and records; right to issue subpoenas, administer oaths, and examine witnesses.(a) The Commissioner and the Commissioner's examiners and agents:(1) Shall have free access to all books and records of a bank, its holding company, and their affiliates that relate to the business of the bank or the holding company, and the books and records kept by an officer, agent, or employee of the bank or holding company relating to or upon which any record is kept.(2) May subpoena witnesses and administer oaths or affirmations in the examination of any director, officer, agent, or employee of the bank, its holding company, or their affiliates or of any other person in relation to affairs, transactions, and conditions of the bank, its holding company, or their affiliates.(3) May require the production of the records, books, papers, contracts, and other documents of a bank, its holding company, and their affiliates.(4) May order that improper entries be corrected on the books and records of a bank, its holding company, and the bank's affiliates.(b) The Commissioner may issue subpoenas duces tecum.(c) If a person fails to comply with a subpoena so issued or a party or witness refuses to testify on any matters, a court of competent jurisdiction, on the application of the Commissioner, may compel compliance by proceedings for contempt as in the case of disobedience of the requirements of a subpoena issued from the court or a refusal to testify in the court.  (2012-56, s. 4.)
NC Gen Stat § 53C-8-7 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-7 - Examiner making false report.

 53C-8-7. Examiner making false report.If any bank examiner shall knowingly and willfully make any false or fraudulent report of the condition of any bank that the examiner has examined with the intent to aid or abet the bank or its affiliates in committing violations of any provision of this Chapter, or if any examiner shall keep or accept any bribe or gratuity given for the purpose of inducing the examiner not to file any report of examination of any bank, or if any examiner shall neglect to make an examination of any bank by reason of having received or accepted any bribe or gratuity, the examiner shall be guilty of a Class H felony.  (2012-56, s. 4.)
NC Gen Stat § 53C-8-8 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-8 - Examiner disclosing confidential information.

 53C-8-8. Examiner disclosing confidential information.If any examiner or other employee of the OCOB fails to keep secret the facts and information obtained in the course of an examination of a bank except as permitted or required by this Chapter, the examiner shall be guilty of a Class 1 misdemeanor.  (2012-56, s. 4.)
NC Gen Stat § 53C-8-9 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-9 - Loans or gratuities forbidden.

 53C-8-9. Loans or gratuities forbidden.(a) No bank, or any officer, director, employee, or affiliate thereof, shall make an extension of credit or grant any gratuity to the Commissioner, any deputy commissioner, or any bank examiner. Any person violating this provision shall be guilty of a Class 1 misdemeanor and may be fined a sum equal to the amount of the extension made or the gratuity given. If the Commissioner, any deputy commissioner, or any bank examiner accepts an extension of credit or gratuity from any bank, or from any officer, director, employee, or affiliate thereof, that individual shall be guilty of a Class 1 misdemeanor and may be fined a sum equal to the extension of credit made or the gratuity given.(b) Notwithstanding the provisions of subsection (a) of this section, the Commissioner may exempt from the application of subsection (a) any deputy commissioner or any bank examiner with respect to any extension of credit existing upon the hiring of the deputy commissioner or bank examiner by the OCOB and any extension of the term or renewal of such extension of credit made thereafter, so long as the extension of term or renewal has terms and conditions generally available to customers of the applicable bank having generally the same creditworthiness as the deputy commissioner or bank examiner.  (2012-56, s. 4.)
NC Gen Stat § 53C-8-10 (2021)
2021 North Carolina General Statutes|Chapter 53C - Regulation of Banks|Article 8 - Bank Supervision.|§ 53C-8-10 - Willfully and maliciously making derogatory reports.

 53C-8-10. Willfully and maliciously making derogatory reports.Any person who shall willfully and maliciously make, circulate, transmit, or otherwise communicate any statement, rumor, or suggestion to one or more other persons that is directly or by inference false and derogatory to the financial condition, or affects the solvency or financial standing, of any bank, or who shall counsel, aid, procure, or induce another to make, circulate, transmit, or otherwise communicate any such statement or rumor, shall be guilty of a Class 1 misdemeanor.  (2012-56, s. 4.)