Section .0900 ‑ Reorganizing Stock Association Into Holding Company

Link to law: http://reports.oah.state.nc.us/ncac/title 04 - commerce/chapter 16 - savings institutions division, savings institutions commission/subchapter i/04 ncac 16i .0901.html
Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
SECTION .0900 ‑ REORGANIZING STOCK ASSOCIATION INTO

HOLDING COMPANY

 

04 NCAC 16I .0901            REQUIRED ACQUISITION APPLICATION

A stock savings institution may be controlled by a holding

company by means of a plan of reorganization.  This may be accomplished by filing

with the Administrator one manually signed copy of an Acquisition Application. 

For the purposes of filing the application, the applicant shall be considered a

holding company, even though it may not yet control a stock savings

institution.

 

History Note:        Filed as a Temporary Amendment Eff.

October 2, 1991 for a period of 180 days to expire on

March 31, 1992;

Statutory Authority G.S. 54B‑55; 54B‑261; 54B‑262;

54C‑53; 54C‑195; 54C‑196;

Eff. July 1, 1983;

Amended Eff. February 15, 1992; July 1, 1990.