North Carolina § 53C-7-102 - Application regarding a control transaction.
Full text of North Carolina North Carolina General Statutes § 53C-7-102 — Application regarding a control transaction., with citation guidance and answers to common questions.
§ 53C-7-102. Application regarding a control transaction.
A person seeking approval of a control transaction involving a bank under this Article shall file the following with the Commissioner: An application in the form prescribed by the Commissioner. All filing fees required by a rule of the Commissioner. Such information as is required by a rule of the Commissioner or as is deemed by the Commissioner to achieve the objectives of this Chapter. In the event a person submitting an application is a group of persons, the Commissioner may require each member of the group to submit information relevant to the application. Notwithstanding any laws to the contrary, information about the character, competence, or experience of an acquiring person or its proposed management personnel or affiliates shall be deemed a record of the Commissioner and subject to G.S. 53C-2-7(b). History (2012-56, s. 4; 2013-29, s. 15.) Effect of Amendments. - Session Laws 2013-29, s. 15, effective April 16, 2013, substituted "G.S. 53C-2-7(b)" for "G.S. 53C-2-8" in subsection (c).
Frequently Asked Questions About North Carolina § 53C-7-102
What does North Carolina General Statutes § 53C-7-102 cover?
Section 53C-7-102 ("Application regarding a control transaction.") 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-7-102?
A common citation format is "North Carolina General Statutes § 53C-7-102" (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-7-102 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.