§ 54C-164. Deposit accounts. - North Carolina Statutes

§ 54C‑164.  Depositaccounts.

(a)        A savings bank mayraise capital through the solicitation of deposits from any person, natural orcorporate, except as restricted or limited by law, or by any rules that theCommissioner of Banks may prescribe.

(b)        A savings bank mayreceive deposits of funds upon any terms as the contract of deposit shallprovide subject to withdrawals or to be paid upon checks of the depositor. (1991, c. 680, s. 1; 2001‑193,s. 16.)