North Carolina § 54C-56 - Prolonged audit, examination, or revaluation; payment of costs.
Full text of North Carolina North Carolina General Statutes § 54C-56 — Prolonged audit, examination, or revaluation; payment of costs., with citation guidance and answers to common questions.
§ 54C-56. Prolonged audit, examination, or revaluation; payment of costs.
If, in the opinion of the Commissioner of Banks, an examination conducted under G.S. 54C-55 fails to disclose the complete financial condition of a savings bank, the Commissioner of Banks may in order to ascertain its complete financial condition: Make an extended audit or examination of the savings bank or cause an audit or examination to be made by an independent auditor; and Make an extended revaluation of any of the assets or liabilities of the savings bank or cause an independent appraiser to make a revaluation. The Commissioner of Banks shall collect from the savings bank a reasonable sum for actual or necessary expenses of an audit, examination, or revaluation. 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-56
What does North Carolina General Statutes § 54C-56 cover?
Section 54C-56 ("Prolonged audit, examination, or revaluation; payment of costs.") 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-56?
A common citation format is "North Carolina General Statutes § 54C-56" (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-56 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.