§ 54C-163. Net worth requirement. - North Carolina Statutes

§ 54C‑163.  Net worthrequirement.

A savings bank shall maintainnet worth in an amount that may be established in the rules of the Commissionerof Banks, but the requirement shall not be less than five percent (5%) of theassets of the savings bank. Upon receipt of a duly certified copy of aresolution by the board of directors of any savings bank requesting a temporarysuspension, the Commissioner of Banks may suspend the net worth requirement fora period not longer than six months. (1991, c. 680, s. 1; 2001‑193, s. 16.)