North Carolina § 53C-6-3 - Securing deposits.
Full text of North Carolina North Carolina General Statutes § 53C-6-3 — Securing deposits., with citation guidance and answers to common questions.
§ 53C-6-3. Securing deposits.
A bank may not create a lien on its assets or otherwise secure the repayment of a deposit, except as authorized or required by this section, other laws of this State, or federal law. A bank may pledge its assets to secure a deposit of the government of this State or any other state, any agency or political subdivision of this State or any other state, the United States government, any agency or instrumentality of the United States, or any Indian tribe recognized by the United States government as eligible for the services provided to Indian tribes by the Secretary of the Interior because of its status as an Indian tribe. This section does not prohibit the pledge of assets by a bank to secure the repayment of money borrowed. An act, deed, conveyance, pledge, or contract in violation of this section is void. History (2012-56, s. 4.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 53C-6-3
What does North Carolina General Statutes § 53C-6-3 cover?
Section 53C-6-3 ("Securing deposits.") 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 § 53C-6-3?
A common citation format is "North Carolina General Statutes § 53C-6-3" (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 § 53C-6-3 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.