§ 53-86. Directors, officers, etc., accepting fees, etc. - North Carolina Statutes

§53‑86.  Directors, officers, etc., accepting fees, etc.

No gift, fee, commission, orbrokerage charge shall be received, directly or indirectly, by any officer,director, or employee of any bank doing business under this Chapter, on accountof any transaction to which the bank is a party.  Any officer, director,employee, or agent who shall violate the provisions of this section shall beguilty of a Class 3 misdemeanor, and shall be and thereafter remain ineligibleas an officer, director, or employee of any bank doing business under thisChapter.  Nothing in this section shall be construed to prevent the payment ofnecessary and proper fees to any licensed attorney or licensed real estatebroker or salesman, who is a director but not an officer or employee of thebank for professional services rendered, and nothing in this section shall beconstrued to apply to commissions on insurance and surety bond premiums. (1921,c. 4, s. 57; C.S., s. 221(i); 1947, c. 695; 1971, c. 272; 1993, c. 539, s. 419;1994, Ex. Sess., c. 24, s. 14(c).)