North Carolina § 54C-144 - Service corporations.
Full text of North Carolina North Carolina General Statutes § 54C-144 — Service corporations., with citation guidance and answers to common questions.
§ 54C-144. Service corporations.
A savings bank or group of savings banks or associations may establish service corporations under Chapter 55 of the General Statutes, provided that the Commissioner of Banks receives copies of the proposed articles of incorporation and bylaws for approval, before filing them with the Secretary of State. A savings bank may also invest in the capital stock, obligations, or other securities of existing service corporations. No savings bank may make any investment in service corporations if its aggregate investment would exceed ten percent (10%) of its total assets. A service corporation is subject to audit and examination by the Commissioner of Banks, and the service corporation shall pay the cost of examination. The permitted activities of a service corporation shall be described in the rules adopted by the Commissioner of Banks. The location of the principal and branch offices of a service corporation shall be approved by the Commissioner of Banks. History (1991, c. 680, s. 1; 2001-193, s. 16.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 54C-144
What does North Carolina General Statutes § 54C-144 cover?
Section 54C-144 ("Service corporations.") 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 § 54C-144?
A common citation format is "North Carolina General Statutes § 54C-144" (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 § 54C-144 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.