§ 53-140. Sales of capital stock; accounting; fees.
Industrial banks must account to the bank for capital stock sold at the full amount paid, no commission or fee may be paid for selling the stock, and the Commissioner of Banks may refuse authority to begin business if such commissions or fees were paid or promised.
AI-assisted research synopsis — verify against the official legal text below.
- Jurisdiction
- United States — North Carolina
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
business commencement authorization capital stock sales fees and commissions
Statute overview
About this statute
This page preserves the statute’s identified version, provision structure, official source link, and stored legal text for reading and research.
Ask AI about this statute
§ 53-140. Sales of capital stock; accounting; fees.
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign in