North Carolina § 53-136 - Industrial bank defined.
Full text of North Carolina North Carolina General Statutes § 53-136 — Industrial bank defined., with citation guidance and answers to common questions.
§ 53-136. Industrial bank defined.
The term "industrial bank," as used in this Article shall be construed to mean any corporation organized or authorized under this Article which is engaged in receiving, soliciting or accepting money or its equivalent on deposit and in lending money to be repaid in weekly, monthly, or other periodical installments or principal sums as a business: Provided, however, this definition shall not be construed to include building and loan associations, commercial banks, or credit unions. History (1923, c. 225, s. 1; C.S., s. 225(a); 1945, c. 743, s. 1.) Legal Periodicals. - For article, "Agency Theory: Still Viable? Dynamic Regulation of the Financial Services Industry," see 48 Wake Forest L. Rev. 791 (2013).
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 53-136
What does North Carolina General Statutes § 53-136 cover?
Section 53-136 ("Industrial bank defined.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 53-136?
A common citation format is "North Carolina General Statutes § 53-136" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 53-136 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.