reglab/housing_qa huggingface dataset:
NC Gen Stat § 53-311 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-311 - State trust company principal office.

 53-311. State trust company principal office.(a) Each State trust company is required to maintain a principal office in this State and to register that principal office with the Commissioner by setting forth the current street address and telephone number of the principal office.(b) Each executive officer at a principal office is an agent of the State trust company for service of process.(c) Before changing the location of its principal office, a State trust company shall file a notice with the Commissioner setting forth the name of the State trust company, the current street address and telephone number of its principal office, the street address, and telephone number if known, of the proposed new principal office, and a copy of the resolution adopted by the board of directors or duly authorized committee of the board of directors of the State trust company authorizing the change. If the State trust company is unable to provide the Commissioner with the telephone number for the proposed new principal office at the time of the notice, it shall do so immediately after beginning to operate at the new principal office location.(d) The change of principal office shall take effect on the thirty-first day following the date the Commissioner receives the notice described in subsection (c) of this section, unless prior to the thirty-first day following receipt of the notice, the Commissioner (i) establishes an earlier or later date, or (ii) notifies the State trust company that the notice raises issues that require additional information or additional time for analysis, or (iii) disapproves the proposed trust office or representative trust office.(e) If the Commissioner gives a notification described in subsection (d) of this section, the State trust company may change the location of its principal office only on approval by the Commissioner. The Commissioner may disapprove the change of location if the Commissioner finds that the change will adversely affect the safe and sound operation of the State trust company. (2001-263, s. 1.)
NC Gen Stat § 53-312 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-312 - Trust offices; representative trust offices.

 53-312. Trust offices; representative trust offices.(a) Before establishing or acquiring and maintaining a trust office or representative trust office in this State, a State trust company shall file a notice with the Commissioner, in the form required by the Commissioner, setting forth the name of the State trust company, the location of the proposed trust office or representative trust office, and whether the office will be a trust office or a representative trust office. The State trust company also shall furnish a copy of the resolution adopted by the board of directors or duly authorized committee of the board of directors of the State trust company authorizing the trust office or representative trust office and shall pay the filing fee, if any, set by rule.(b) The State trust company may commence business at the trust office or representative trust office on the thirty-first day after the date the Commissioner receives the notice, unless the Commissioner (i) establishes an earlier or later date; (ii) notifies the State trust company that the notice raises issues that require additional information or additional time for analysis; or (iii) disapproves the proposed trust office or representative trust office.(c) If the Commissioner gives a notification described in subsection (b) of this section, the State trust company may establish the trust office or representative trust office only on approval by the Commissioner. The Commissioner may disapprove the proposed trust office or representative trust office if the Commissioner finds that the State trust company lacks sufficient resources to undertake the proposed expansion without adversely affecting its safety or soundness. (2001-263, s. 1.)
NC Gen Stat § 53-313 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-313 - Out-of-state trust offices and representative trust offices.

 53-313. Out-of-state trust offices and representative trust offices.(a) Before establishing or acquiring and maintaining a trust office or representative trust office in a host state, a State trust company shall file a notice with the Commissioner, in the form required by the Commissioner, that sets forth the name of the State trust company, the location of the proposed trust office or representative trust office, whether the office will be a trust office or a representative trust office, and whether the laws of the host state permit the trust office or representative trust office to be maintained by the State trust company. The State trust company also shall furnish a copy of the resolution adopted by the board of directors or duly authorized committee of the board of directors of the State trust company authorizing the out-of-state trust office or representative trust office and shall pay the filing fee, if any, set by rule.(b) The State trust company may commence business at the trust office or representative trust office on the thirty-first day following the date the Commissioner receives the notice, unless the Commissioner (i) establishes an earlier or later date; (ii) notifies the State trust company that the notice raises issues that require additional information or additional time for analysis; or (iii) disapproves the proposed trust office or representative trust office.(c) If the Commissioner gives a notification described in subsection (b) of this section, the State trust company may establish the trust office or representative trust office only on approval by the Commissioner. The Commissioner may disapprove the proposed trust office or representative trust office if the Commissioner finds that the State trust company lacks sufficient resources to undertake the proposed expansion without adversely affecting its safety or soundness. (2001-263, s. 1.)
NC Gen Stat § 53-314 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-314 - Trust business through a branch or trust office.

 53-314. Trust business through a branch or trust office.An out-of-state trust institution may engage in trust business in this State only if it (i) maintains a trust office in this State as permitted by this Subpart, (ii) was allowed to maintain a trust office in this State under laws, or rules or orders of the Commissioner in effect prior to the date of enactment of this Article, but only to the extent allowed and subject to all limitations and conditions imposed under those laws, rules, or orders, or (iii) is a depository institution that maintains a branch in this State. (2001-263, s. 1; 2005-269, s. 7.)
NC Gen Stat § 53-315 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-315 - Establishing an interstate trust office.

 53-315. Establishing an interstate trust office.An out-of-state trust institution that obtains approval from the Commissioner in accordance with the provisions of this Subpart may establish and maintain a trust office in this State; provided that the Commissioner shall not grant that approval unless the home state of the out-of-state trust institution permits a State trust institution to establish and maintain a trust office in that home state under restrictions not materially greater than those imposed by this Article. (2001-263, s. 1.)
NC Gen Stat § 53-316 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-316 - Acquiring an interstate trust office.

 53-316. Acquiring an interstate trust office.An out-of-state trust institution that obtains approval from the Commissioner in accordance with the provisions of this Subpart may acquire and maintain a trust office in this State; provided that the Commissioner shall not grant that approval unless the home state of the out-of-state trust institution permits a State trust institution to acquire and maintain a trust office in that home state under restrictions not materially greater than those imposed by this Article. (2001-263, s. 1.)
NC Gen Stat § 53-317 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-317 - Requirement of notice.

 53-317. Requirement of notice.Before establishing or acquiring and maintaining a trust office in this State, an out-of-state trust institution shall provide, or cause its home state regulator to provide, notice to the Commissioner, in the form required by the Commissioner, along with copies of any applications, notices, or similar filings made with the home state regulator regarding the trust office. The notice shall be preceded or accompanied by:(1) Evidence satisfactory to the Commissioner of compliance by the out-of-state trust institution with all applicable requirements of Article 15 of Chapter 55 of the General Statutes;(2) Evidence satisfactory to the Commissioner of compliance by the out-of-state trust institution with any applicable requirements of its home state regulator for maintenance of capital, for expansion within the borders of the home state, and for acquiring or establishing and maintaining each trust office in this State;(3) Evidence satisfactory to the Commissioner that the out-of-state trust institution is not in a hazardous condition;(4) Unless waived by the Commissioner, a copy of the resolution adopted by the board of directors of the out-of-state trust institution (or similar governing body or a duly-authorized committee thereof) authorizing the trust office; and(5) Payment of any fee set by rule. (2001-263, s. 1; 2005-269, s. 8.)
NC Gen Stat § 53-318 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-318 - Action on notice.

 53-318. Action on notice.(a) The out-of-state trust institution may commence business in this State through the trust office on the sixty-first day following the date the Commissioner receives the notice described in G.S. 53-317 unless the Commissioner, within 60 days of receiving the notice:(1) Specifies an earlier or later date for commencing business,(2) Extends the period of review on a determination that the notice raises issues that require additional information or additional time for analysis; or(3) Disapproves the proposed trust office.(b) If the Commissioner gives a notification described in subdivision (2) of subsection (a) of this section, the out-of-state trust institution may establish the trust office only on approval by the Commissioner. The Commissioner may disapprove the proposed trust office if the Commissioner finds that the out-of-state trust institution lacks sufficient resources to undertake the proposed expansion without adversely affecting its safety or soundness or that the requirements of G.S. 53-315 or G.S. 53-316 have not been satisfied. (2001-263, s. 1; 2005-269, s. 9.)
NC Gen Stat § 53-321 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-321 - Enforcement.

 53-321. Enforcement.(a) Consistent with Article 3A of Chapter 150B of the General Statutes, after notice and opportunity for hearing, the Commissioner may determine:(1) That activities of a trust office maintained by an out-of-state trust institution in this State are being conducted in violation of the laws of this State or any rule, order, or declaratory ruling issued by the Commissioner, or in an unsafe and unsound manner, or that the out-of-state trust institution does not meet or no longer meets the requirements of this Subpart for maintaining a trust office in this State; or(2) That an out-of-state trust institution is engaged in unauthorized trust activity.In either event, the Commissioner may take any enforcement actions the Commissioner would be authorized to take if the trust office or the out-of-state trust institution were a State trust company and may issue an order temporarily or permanently prohibiting the out-of-state trust institution from engaging in trust business in this State.(b) Consistent with Article 3A of Chapter 150B of the General Statutes, after notice and opportunity for hearing, the Commissioner may determine by order that an out-of-state trust institution maintaining a representative trust office in this State does not meet or no longer meets the requirements of this Subpart for maintaining a representative trust office in this State. The order shall be effective on the date of issuance or any other date the Commissioner determines.(c) In cases involving extraordinary circumstances requiring immediate action, the Commissioner may take any action permitted by subsection (a) or (b) of this section without notice or opportunity for hearing but shall promptly afford a subsequent hearing upon an application to rescind the action taken.(d) The Commissioner shall promptly give notice to the home state regulator and any other bank supervisory agency supervising the out-of-state trust institution of each enforcement action taken against an out-of-state trust institution and may consult and cooperate with other bank supervisory agencies in pursuing and resolving the enforcement action. (2001-263, s. 1; 2005-269, s. 12.)
NC Gen Stat § 53-322 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-322 - Notice of transactions that cause a change in control.

 53-322. Notice of transactions that cause a change in control.Each out-of-state trust institution that maintains a trust office or representative trust office in this State, or the home state regulator of the trust institution, shall give at least 30 days' notice or, in the case of an emergency transaction or the cessation of trust activity in this State by an out-of-state trust institution or foreign trust institution whose only office in this State is a registered office, as much notice as practicable, to the Commissioner of:(1) Any merger, consolidation, share exchange, or other transaction that would cause a change in control of an out-of-state trust institution (i) that would be subject to Subpart D of Part 3 of this Article if the out-of-state trust institution were a State trust company or (ii) is required to be filed with any bank supervisory agency;(2) Any transfer of all or substantially all of the accounts or account assets of the out-of-state trust institution to another person; or(3) The closing, transfer, or discontinuance of any trust office or representative trust office in this State. (2001-263, s. 1; 2005-269, s. 13.)
NC Gen Stat § 53-323 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-323 - Foreign trust institution application for trust office or representative trust office.

 53-323. Foreign trust institution application for trust office or representative trust office.Before establishing or acquiring and maintaining a trust office in this State, a foreign trust institution shall make application to the Commissioner for permission to do so in the English language and in the form required by the Commissioner. The application shall be preceded or accompanied by:(1) Evidence satisfactory to the Commissioner of compliance with all applicable requirements of Article 15 of Chapter 55 of the General Statutes;(2) Evidence satisfactory to the Commissioner of compliance by the foreign trust institution with any applicable requirements of its home country regulator for maintenance of capital, for expansion within the borders of its home country or within a political subdivision of its home country, and for acquiring or establishing and maintaining the trust office in this State;(3) Evidence satisfactory to the Commissioner that the foreign trust institution is not in a hazardous condition;(4) Unless waived by the Commissioner, a copy of the resolution adopted by the board of directors of the foreign trust institution, or similar governing body or a duly-authorized committee thereof, authorizing the trust office; and(5) Payment of any fee set by rule.The Commissioner may require any materials not written in the English language to be translated, and the translation certified in a manner satisfactory to the Commissioner, at the expense of the foreign trust institution. (2001-263, s. 1; 2005-269, s. 14.)
NC Gen Stat § 53-324 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-324 - Conditions for approval.

 53-324. Conditions for approval.(a) A foreign trust institution may engage in trust business in this State only on approval by the Commissioner of an application described in G.S. 53-323, which may be given upon conditions required by the Commissioner for prudential reasons consistent with any applicable international agreements to which the United States is a party.(b) The Commissioner may deny approval of the application if the Commissioner finds that the foreign trust institution lacks sufficient resources to undertake the proposed expansion without adversely affecting its safety or soundness or that the management, integrity, or reputation of the foreign trust institution does not justify approval. The Commissioner also may deny approval if the Commissioner is unable to determine from the application materials whether the foreign trust institution possesses sufficient resources to undertake the proposed expansion without adversely affecting its safety or soundness or whether the management, integrity, or reputation of the foreign trust institution justifies approval. (2001-263, s. 1; 2005-269, s. 15.)
NC Gen Stat § 53-325 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-325 - Additional trust offices and representative trust offices.

 53-325. Additional trust offices and representative trust offices.A foreign trust institution that maintains a trust office in this State under the provisions of this Subpart may establish or acquire and maintain additional trust offices or representative trust offices in this State in the manner provided by G.S. 53-319 for out-of-state trust institutions, except that the Commissioner may require any additional information and impose any additional conditions as the Commissioner deems necessary for prudential reasons consistent with any applicable international agreements to which the United States is a party. (2001-263, s. 1.)
NC Gen Stat § 53-327 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-327 - Enforcement.

 53-327. Enforcement.(a) Consistent with Article 3A of Chapter 150B of the General Statutes, after notice and opportunity for hearing, the Commissioner may determine:(1) That activities of a trust office or representative trust office maintained by a foreign trust institution in this State are being conducted in violation of the laws of this State or any rule, order, or declaratory ruling issued by the Commissioner, or in an unsafe and unsound manner, or that the foreign trust institution does not meet or no longer meets the requirements of this Subpart for maintaining a trust office or representative trust office in this State; or(2) That a foreign trust institution is engaged in unauthorized trust activity.In either event, the Commissioner may take any enforcement actions the Commissioner would be authorized to take if the foreign trust institution were a State trust company and may issue an order temporarily or permanently prohibiting the foreign trust institution from engaging in trust business or trust marketing in this State.(b) Consistent with Article 3A of Chapter 150B of the General Statutes, after notice and opportunity for hearing, the Commissioner may determine by order that a foreign trust institution maintaining a representative trust office in this State does not meet or no longer meets the requirements of this Subpart for maintaining a representative trust office in this State. The order shall be effective on the date of issuance or any other date the Commissioner determines.(c) In cases involving extraordinary circumstances requiring immediate action, the Commissioner may take any action permitted by subsection (a) or (b) of this section without notice or opportunity for hearing but shall promptly afford a subsequent hearing upon request to rescind the action taken.(d) The Commissioner shall promptly give notice to the home country regulator and any other bank supervisory agency supervising the foreign trust institution of each enforcement action taken against a foreign trust institution and may consult and cooperate with bank supervisory agencies in pursuing and resolving the enforcement action. (2001-263, s. 1; 2005-269, s. 17.)
NC Gen Stat § 53-328 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-328 - Notice of transactions that cause a change in control.

 53-328. Notice of transactions that cause a change in control.Each foreign trust institution that maintains a trust office or representative trust office in this State, or the home country regulator of the foreign trust institution, shall give at least 30 days' notice (or, in the case of an emergency transaction or the cessation of trust activity in this State by an out-of-state trust institution or foreign trust institution whose only office in this State is a registered office, as much notice as practicable) to the Commissioner, in the form required by the Commissioner, of:(1) Any merger, consolidation, share exchange, or other transaction that would cause a change of control of a foreign trust institution:a. That would be subject to Subpart D of Part 3 of this Article if the foreign trust institution were a State trust company; orb. Is required to be filed with any bank supervisory agency;(2) Any transfer of all or substantially all of the accounts or account assets of the foreign trust institution to another person; or(3) The closing, transfer, or discontinuance of any trust office or representative trust office in this State. (2001-263, s. 1; 2005-269, s. 18.)
NC Gen Stat § 53-329 (2021)
2021 North Carolina General Statutes|Chapter 53 - Regulation of Financial Services|Article 24 - Trust Companies and Interstate Trust Business.|§ 53-329 - International agreements.

 53-329. International agreements.If any provision of this Article concerning foreign trust institutions, or the application of that provision, is found by any competent adjudicatory body to violate any international agreement to which the United States is a party, the provision shall be deemed modified only to the extent and only in the particular circumstances necessary to make the provision as modified comply with the international agreement, and the remaining provisions of this Article shall not be affected and shall continue to apply to foreign trust institutions. (2001-263, s. 1.)