§ 53-343. Prohibited distributions, acquisitions, liens, or pledges.
A State trust company must not make distributions, buy its own shares, take a lien on its own shares, or pledge its assets while a Commissioner’s prohibiting order is in effect.
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- Jurisdiction
- United States — North Carolina
- Instrument
- Act or statute
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- Undated source snapshot
- Language
- en
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distributions liens pledges share repurchases
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§ 53-343. Prohibited distributions, acquisitions, liens, or pledges.
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