§ 53-378. Directors may act.
A State trust company may place its assets and business under the Commissioner’s control with a majority-director resolution and notice, but it generally may not make a general assignment for creditors except by surrendering assets to the Commissioner.
- Jurisdiction
- United States — North Carolina
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
asset control assignment for creditors liquidation
Statute overview
About this statute
This page preserves the statute’s identified version, provision structure, official source link, and stored legal text for reading and research.
Ask AI about this statute
§ 53-378. Directors may act.
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign inLexChat organizes source-backed legal information for research. Verify amendments, commencement, and current legal force with the official publisher before relying on it.