§ 53-371. Removal of directors, officers, and employees.

The Commissioner may order the immediate removal of certain officers, directors, or employees of a State trust company if they are dishonest, incompetent, reckless, or repeatedly violate applicable laws or the Commissioner’s rules and orders.

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Jurisdiction: United States — North Carolina
Instrument: Act or statute
Version: Undated source snapshot
Language: en
Official source: View official record ↗

removal of officers trust company governance

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§ 53-371. Removal of directors, officers, and employees.

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