reglab/housing_qa huggingface dataset:
NC Gen Stat § 54B-68 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 4 - Supervision and Regulation.|§ 54B-68 - Supervisory control.

 54B-68. Supervisory control.(a) Whenever the Commissioner of Banks determines that an association is conducting its business in an unsafe or unsound manner or in any fashion which threatens the financial integrity or sound operation of the association, the Commissioner of Banks may serve a notice of charges on the association, requiring it to show cause why it should not be placed under supervisory control. Such notice of charges shall specify the grounds for supervisory control, and set the time and place for a hearing. A hearing before the Commission pursuant to such notice shall be held within 15 days after issuance of the notice of charges, and shall comply with the provisions of Article 3 of Chapter 150B of the General Statutes.(b) If, after the hearing provided above, Commission determines that supervisory control of the association is necessary to protect the association's members, customers, stockholders or creditors, or the general public, the Commissioner of Banks shall issue an order taking supervisory control of the association. An appeal may be filed in the Wake County Superior Court.(c) If the order taking supervisory control becomes final, the Commissioner of Banks may appoint an agent to supervise and monitor the operations of the association during the period of supervisory control. During the period of supervisory control, the association shall act in accordance with such instructions and directions as may be given by the Commissioner of Banks directly or through his supervisory agent and shall not act or fail to act except when to do so would violate an outstanding cease and desist order.(d) Within 180 days of the date the order taking supervisory control becomes final, the Commissioner of Banks shall issue an order approving a plan for the termination of supervisory control. The plan may provide for:(1) The issuance by the association of capital stock;(2) The appointment of one or more officers and/or directors;(3) The reorganization, merger, or consolidation of the association;(4) The dissolution and liquidation of the association.The order approving the plan shall not take effect for 30 days during which time period an appeal may be filed in the Wake County Superior Court.  (e) The costs incident to this proceeding shall be paid by the association, provided such costs are found to be reasonable.(f) For the purposes of this section, an order shall be deemed final if:(1) No appeal is filed within the specific time allowed for the appeal, or(2) After all judicial appeals are exhausted. (1981, c. 282, s. 3; 1987, c. 827, s. 1; 2001-193, s. 16.)
NC Gen Stat § 54B-71 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 4 - Supervision and Regulation.|§ 54B-71 - Judicial review.

 54B-71. Judicial review.Any person or State association against whom a cease and desist order is issued or a fine is imposed may have such order or fine reviewed by a court of competent jurisdiction. Except as otherwise provided, an appeal may be made only within 30 days of the issuance of the order or the imposition of the fine, whichever is later. (1981, c. 282, s. 3.)
NC Gen Stat § 54B-72 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 4 - Supervision and Regulation.|§ 54B-72 - Indemnity.

 54B-72. Indemnity.No person who is fined or penalized for a violation of any criminal provision of this Article shall be reimbursed or indemnified in any fashion by the association for such fine or penalty. (1981, c. 282, s. 3.)
NC Gen Stat § 54B-73 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 4 - Supervision and Regulation.|§ 54B-73 - Cumulative penalties.

 54B-73. Cumulative penalties.All penalties, fines, and remedies provided by this Article shall be cumulative. (1981, c. 282, s. 3.)
NC Gen Stat § 54B-74 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 4 - Supervision and Regulation.|§ 54B-74 - Annual license fees.

 54B-74. Annual license fees.All State associations shall pay an annual license fee set by the Commissioner of Banks, subject to the advice and consent of the Commission. Such license fee shall be used to defray the expenses incurred by the Division in supervising State associations. The Commissioner of Banks may license each State association upon receipt of the license fee and filing of an application in such form as the Commissioner of Banks may prescribe. (1981, c. 282, s. 3; 1985, c. 659, s. 11; 2001-193, s. 16.)
NC Gen Stat § 54B-75 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 4 - Supervision and Regulation.|§ 54B-75 - Statement filed by savings and loan association; fees and examination.

 54B-75. Statement filed by savings and loan association; fees and examination.Every State association shall file in the Office of the Commissioner of Banks, on or before the first day of February in each year, in the form prescribed by the Commissioner of Banks, a statement of the business standing and financial condition of the association on the preceding 31st day of December. This statement shall be signed and sworn to by the secretary or other officer duly authorized by the board of directors of the association before a notary public. The statement shall be accompanied by a filing fee set by the Commissioner of Banks, subject to the advice and consent of the Commission. The filing fees shall be used to defray the expenses incurred by the Division in supervising State associations. The Commissioner of Banks shall receive and thoroughly examine each annual statement.  (1981, c. 282, s. 3; 1985, c. 659, s. 12; 1993, c. 163, s. 1; 2001-193, s. 16; 2019-173, s. 1(c).)
NC Gen Stat § 54B-78 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 4 - Supervision and Regulation.|§ 54B-78 - Prohibited practices.

 54B-78. Prohibited practices.Any person or association who shall engage in any of the following acts or practices shall be guilty of a Class 1 misdemeanor:(1) Defamation: Making, publishing, disseminating, or circulating, directly or indirectly, or aiding, abetting, or encouraging the making, publishing, disseminating, or circulating of any oral, written, or printed statement which is false regarding the financial condition of any association.(2) False information and advertising: Making, publishing, disseminating, or circulating or causing, directly or indirectly, to be made published, disseminated, circulated, or otherwise placed before the public in any publication, media, notice, pamphlet, letter, poster, or any other way, an advertisement, announcement, or statement containing any assertion, representation, or statement with respect to the savings and loan business or with respect to any person in the conduct of the savings and loan business which is untrue, deceptive, or misleading. (1985, c. 659, s. 13; 1993, c. 539, s. 434; 1994, Ex. Sess., c. 24, s. 14(c).)
NC Gen Stat § 54B-100 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 5 - Corporate Administration.|§ 54B-100 - Membership of a mutual association.

 54B-100. Membership of a mutual association.The membership of a mutual association organized or operated under the provisions of this Chapter shall consist of:(1) Those who hold withdrawable accounts in an association; and(2) Those who borrow funds and those who become obligated on a loan from the association, for such time as the loan remains unpaid and the borrower remains liable to the association for the payment thereof.Any person in his own right, or in a trust or other fiduciary capacity, or any partnership, association, corporation, political subdivision or public or governmental unit or entity may become a member of a mutual association. Members shall be possessed of such voting rights and such other rights as are provided by an association's certificate of incorporation and bylaws as approved by the Commissioner of Banks. Members are the owners of a mutual association. (1981, c. 282, s. 3; 2001-193, s. 16.)
NC Gen Stat § 54B-101 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 5 - Corporate Administration.|§ 54B-101 - Directors.

 54B-101. Directors.(a) The directors of a mutual association shall be elected by the members at an annual meeting, held pursuant to the terms of G.S. 54B-106, for such terms as the bylaws of the association may provide. Directors' terms may be classified in the certificate of incorporation. Voting for directors by withdrawable account holders shall be weighted according to the total amount of withdrawable accounts held by such members, subject to any maximum number of votes per member which an association may choose to prescribe in the bylaws of the association. Such requirements shall be fully prescribed in a detailed manner in the bylaws of the association.(b) The directors of a stock association shall be elected by the stockholders at an annual meeting, held pursuant to the terms of G.S. 54B-106, for such terms as the bylaws of the association may provide. Directors' terms may be classified in the certificate of incorporation. (c) Every State association shall have no less than five directors. (1981, c. 282, s. 3; 1983, c. 144, s. 17; 1991, c. 707, s. 4.)
NC Gen Stat § 54B-102 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 5 - Corporate Administration.|§ 54B-102 - Employment policies.

 54B-102. Employment policies.Employment policies appropriate for the transaction of the business of a State association may be set forth in the bylaws or established by resolution of the board of directors. (1981, c. 282, s. 3; 1981 (Reg. Sess., 1982), c. 1238, s. 22.)
NC Gen Stat § 54B-103 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 5 - Corporate Administration.|§ 54B-103 - Duties and liabilities of officers and directors to their associations.

 54B-103. Duties and liabilities of officers and directors to their associations.Officers and directors of a State association shall act in a fiduciary capacity towards the association and its members or stockholders. They shall discharge duties of their respective positions in good faith, and with that diligence and care which ordinarily prudent men would exercise under similar circumstances in like positions. (1981, c. 282, s. 3.)
NC Gen Stat § 54B-104 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 5 - Corporate Administration.|§ 54B-104 - Conflicts of interest.

 54B-104. Conflicts of interest.Each director, officer and employee of a State association has a fundamental duty to avoid placing himself in a position which creates, or which leads to or could lead to a conflict of interest or appearance of a conflict of interest having adverse effects on the interests of members, customers or stockholders of the association, the soundness of the association, and the provision of economical home financing for this State. (1981, c. 282, s. 3.)
NC Gen Stat § 54B-105 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 5 - Corporate Administration.|§ 54B-105 - Voting rights.

 54B-105. Voting rights.Voting rights in the affairs of a State association may be exercised by members and stockholders by voting either in person or by proxy. The Commissioner of Banks shall promulgate rules and regulations governing forms of proxies, holders of proxies and proxy solicitation. (1981, c. 282, s. 3; 2001-193, s. 16.)
NC Gen Stat § 54B-106 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 5 - Corporate Administration.|§ 54B-106 - Annual meetings; notice required.

 54B-106. Annual meetings; notice required.(a) Each association shall hold an annual meeting of its members or stockholders. The annual meeting shall be held at a time and place as shall be provided in the bylaws or determined by the board of directors.(b) The board of directors of a mutual association shall cause to be published once a week for two weeks preceding such meeting, in a newspaper of general circulation published in the county where such association has its principal office, a notice of the meeting, signed by the association's secretary, and stating the time and place where it is to be held. In addition to the foregoing notice, each association shall disseminate additional notice of any annual meeting by notice made available to all members entering the premises of any office or branch of the association in the regular course of business by posting therein, in full view of the public and such members, one or more conspicuous signs or placards announcing the pending meeting, the time, date and place of the meeting and the availability of additional information. Printed matter shall be freely available to said members containing any information as may be prescribed in rules and regulations issued by the Commissioner of Banks. Such additional notice shall be given at any time within the period of 60 days prior to and 14 days prior to the meeting and shall continue through the time of the meeting.(c) The board of directors of a stock association shall cause a written or printed notice signed by the association's secretary, and stating the time and place of the annual meeting to be delivered not less than 10 days nor more than 50 days before the date of the meeting, either personally or by mail to each stockholder of record entitled to vote at the meeting. If mailed, such notice shall be deemed to be delivered when deposited in the United States postal service addressed to the stockholder at his address as it appears on the record of stockholders of the corporation, with postage thereon prepaid. (1981, c. 282, s. 3; 2001-193, s. 16.)
NC Gen Stat § 54B-107 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 5 - Corporate Administration.|§ 54B-107 - Special meetings; notice required.

 54B-107. Special meetings; notice required.(a) Special meetings of members or stockholders of an association may be called by the president or the board of directors or by such other officers or persons as may be provided for in the charter or bylaws of the association.(b) Notice of any special meeting of members or stockholders shall be given in the same manner as provided for annual meetings under G.S. 54B-106. (1981, c. 282, s. 3.)
NC Gen Stat § 54B-108 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 5 - Corporate Administration.|§ 54B-108 - Quorum.

 54B-108. Quorum.Unless otherwise provided in the association's charter or bylaws, 50 holders of withdrawable accounts in a mutual association or 50 stockholders or a majority of shares eligible to vote in a stock association, present in person or represented by proxy, shall constitute a quorum at any annual or special meeting. (1981, c. 282, s. 3.)
NC Gen Stat § 54B-110 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 5 - Corporate Administration.|§ 54B-110 - Days and hours of operation.

 54B-110. Days and hours of operation.Any association may operate on such days and during such hours, and may observe such holidays, as the association's board of directors shall designate. (1987, c. 853, s. 3; 1995 (Reg. Sess., 1996), c. 556, s. 3.)
NC Gen Stat § 54B-122 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 6 - Withdrawable Accounts.|§ 54B-122 - Additional requirements.

 54B-122. Additional requirements.Withdrawable accounts shall be:(1) Withdrawable upon demand, subject to the requisite advance notice to the association by the holder, as listed in G.S. 54B-121(c)(2)b and by such regulations as the Commissioner of Banks may prescribe;(2) Entitled to dividends as provided herein or in such regulations as the Commissioner of Banks may prescribe;(3) Evidenced by an executed contract setting forth any special terms and provisions applicable to the account and the conditions upon which withdrawal may be made. The form of such contract shall be subject to the prior approval of the Commissioner of Banks and shall be held by the association as part of its records pertaining to the account. (1981, c. 282, s. 3; 1981 (Reg. Sess., 1982), c. 1238, s. 13; 2001-193, s. 16.)
NC Gen Stat § 54B-123 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 6 - Withdrawable Accounts.|§ 54B-123 - Dividends on withdrawable accounts.

 54B-123. Dividends on withdrawable accounts.(a) An association shall compute and pay dividends on withdrawable accounts in accordance with such terms and conditions as are herein prescribed, and subject to additional limitation and restrictions as shall be set forth in its bylaws, or certificate of incorporation and resolutions of its board of directors.(b) Notwithstanding any other provisions of the General Statutes, savings and loan associations shall not be limited in the amount of dividends they may pay on withdrawable accounts. The Commissioner of Banks shall have the authority to insure that no association pays dividends on withdrawable accounts inconsistent with the association's continued solvency, and safe and proper operation. (1981, c. 282, s. 3; 2001-193, s. 16.)
NC Gen Stat § 54B-125 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 6 - Withdrawable Accounts.|§ 54B-125 - Emergency limitations.

 54B-125. Emergency limitations.The Commissioner of Banks, with the approval of the Governor, may impose a limitation upon the amounts withdrawable or payable from withdrawable accounts of State associations during any specifically defined period when such limitation is in the public interest and welfare. (1981, c. 282, s. 3; 2001-193, s. 16.)
NC Gen Stat § 54B-126 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 6 - Withdrawable Accounts.|§ 54B-126 - Forced retirement of withdrawable accounts.

 54B-126. Forced retirement of withdrawable accounts.(a) At any time that funds may be on hand and available for such a purpose, and the bylaws of an association and withdrawable account contracts so provide, an association shall have the authority and right to redeem all or any portion of its withdrawable accounts which have not been pledged as security for loans by forcing the retirement thereof. The number of and total amount of such withdrawable accounts to be retired by an association shall be determined by the board of directors.(b) An association shall give notice by certified mail to the last address of each holder of an affected withdrawable account of at least 30 days. The redemption price of withdrawable accounts so retired shall be the full withdrawal value of the account, as determined on the last dividend date, plus all dividends on withdrawable accounts credited or paid as of the effective retirement date. Dividends shall continue to accrue and be paid or credited by the association to the withdrawable accounts to be retired up to and including the effective retirement date.(c) If the required notice has been properly given, and if on the effective retirement date the funds necessary for payment have been set aside so as to be available, and shall continue to be available therefor, dividends on those withdrawable accounts called for forced retirement shall cease to accrue after the effective retirement date. All rights with respect to such account shall, after the effective retirement date, terminate, except only the right of the holder of the retired withdrawable account to receive the full redemption price.(d) No association may redeem withdrawable accounts by forced retirement whenever it has on file applications for withdrawal, or maturities which have not yet been acted upon and paid. No association may redeem withdrawable accounts by forced retirement until the maturity of any fixed minimum term which may be required for the class of withdrawable accounts to be retired. (1981, c. 282, s. 3.)
NC Gen Stat § 54B-127 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 6 - Withdrawable Accounts.|§ 54B-127 - Negotiable orders of withdrawal.

 54B-127. Negotiable orders of withdrawal.Notwithstanding any other provisions of law, the Commissioner of Banks shall by regulation, authorize associations to accept deposits to withdrawable accounts which may be withdrawn or transferred on or by negotiable or transferable order or authorization to the association. (1981, c. 282, s. 3; 2001-193, s. 16.)
NC Gen Stat § 54B-128 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 6 - Withdrawable Accounts.|§ 54B-128 - Option on nonnegotiable orders of withdrawal.

 54B-128. Option on nonnegotiable orders of withdrawal.Notwithstanding any other provisions of law, the Commissioner of Banks may by regulation authorize State associations to establish nonnegotiable orders or authorizations of withdrawal. (1981, c. 282, s. 3; 2001-193, s. 16.)
NC Gen Stat § 54B-131 (2021)
2021 North Carolina General Statutes|Chapter 54B - Savings and Loan Associations|Article 6 - Withdrawable Accounts.|§ 54B-131 - Right of setoff on withdrawable accounts.

 54B-131. Right of setoff on withdrawable accounts.(a) Every association shall have a right of setoff, without further agreement or pledge, upon all withdrawable accounts owned by any member or customer to whom or upon whose behalf the association has made an unsecured advance of money by loan; and upon the default in the repayment or satisfaction thereof the association may cancel on its books all or any part of the withdrawable accounts owned by such member or customer, and apply the value of such accounts in payment on account of such obligation.  (b) An association which exercises the right of setoff provided in this section shall first give 30 days' notice to the member or customer that such right will be exercised. Such accounts may be held or frozen, with no withdrawals permitted, during the 30-day notice period. Such accounts may not be canceled and the value thereof may not be applied to pay such obligation until the 30-day period has expired without the member or customer having cured the default on the obligation. The amount of any member's or customer's interest in a joint account or other account held in the names of more than one person shall be subject to the right of setoff provided in this section.   (c) This section is not exclusive, but shall be in addition to contract, common law and other rights of setoff. Such other rights shall not be governed in any fashion by this section. (1981, c. 282, s. 3; 1991, c. 707, s. 5.)