§ 54C-20. Licensing. - North Carolina Statutes

§ 54C‑20.  Licensing.

A newly chartered savings bankis entitled to a license to operate upon payment to the Division of theappropriate license fee as prescribed by the Commissioner of Banks, when itshows to the satisfaction of the  Commissioner of Banks evidence of capable,efficient, and equitable management, that the organization of the savings bankhas been conducted lawfully and is complete, and when it passes a finalinspection by the Commissioner of Banks or the Commissioner of Banks'representative preceding the opening of its doors for business. (1991, c. 680, s. 1; 2001‑193,s. 16.)