North Carolina § 53-362 - Appraisal rights of shareholders in mergers, share exchanges, or asset transfers.
Full text of North Carolina North Carolina General Statutes § 53-362 — Appraisal rights of shareholders in mergers, share exchanges, or asset transfers., with citation guidance and answers to common questions.
§ 53-362. Appraisal rights of shareholders in mergers, share exchanges, or asset transfers.
A shareholder of a State trust company may exercise appraisal rights in connection with the proposed merger, share exchange, or asset transfer to the extent allowed under, and by following the procedures prescribed by, Article 13 of Chapter 55 of the General Statutes. History (2001-263, s. 1; 2011-347, s. 2.) Editor's Note. - G.S. 53-332(b), as added by Session Laws 2011-339, s. 10, provides: "The Commissioner may allow a State trust company to be organized as a company other than a corporation, and, in such case, references in this Article to provisions of Chapter 55 of the General Statutes shall refer to analogous provisions of law governing the formation and operation of that State trust company." Effect of Amendments. - Session Laws 2011-347, s. 2, effective October 1, 2011, substituted "Appraisal rights of shareholders in mergers" for "Rights of dissenters to mergers" in the section catchline; and substituted "may exercise appraisal rights in connection with the proposed merger" for "may dissent from the propsed merger" in text. SUBPART E. Private Trust Companies.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 53-362
What does North Carolina General Statutes § 53-362 cover?
Section 53-362 ("Appraisal rights of shareholders in mergers, share exchanges, or asset transfers.") 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 § 53-362?
A common citation format is "North Carolina General Statutes § 53-362" (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 § 53-362 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.