§ 53-335. Decision on charter application and hearing. - North Carolina Statutes

§ 53‑335.  Decision oncharter application and hearing.

(a)        The Commissioner,based on the application and investigation described in this Subpart, shallenter an order approving or denying approval of the application.

(b)        If the Commissionerorders that the proposed State trust company may be formed, the Commissionershall issue a State trust company charter and a certification to the Secretaryof State permitting the incorporation of the State trust company. TheCommissioner may make approval of any application conditional and shall includeany conditions in the order granting the charter.

(c)        Any order enteredby the Commissioner with respect to a charter application shall be subject toreview by the Commission for entry of final agency decision. (2001‑263, s. 1.)