North Carolina § 53-139 - Capital stock.
Full text of North Carolina North Carolina General Statutes § 53-139 — Capital stock., with citation guidance and answers to common questions.
§ 53-139. Capital stock.
The amount of capital stock with which any industrial bank shall commence business shall not be less than fifty percent (50%) of that which would be required of a commercial bank under the provisions of G.S. 53-2. History (1923, c. 225, s. 4; C.S., s. 225(d); 1967, c. 789, s. 18.) Editor's Note. - G.S. 53-2, referred to in this section, was repealed by Session Laws 2012-56, s. 1, effective October 1, 2012. As to present provisions pertaining to organization of a bank, see G.S. 53C-3-1 et seq.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 53-139
What does North Carolina General Statutes § 53-139 cover?
Section 53-139 ("Capital stock.") 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 § 53-139?
A common citation format is "North Carolina General Statutes § 53-139" (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 § 53-139 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.