North Carolina Administrative Code
Title 04 - COMMERCE
Chapter 03 - BANKING COMMISSION
Subchapter D - SUPERVISION OF STATE TRUST ENTITIES
Section .0100 - LICENSING
Section 03D .0105 - DEFINITIONS

Universal Citation: 04 NC Admin Code 03D .0105

Current through Register Vol. 39, No. 6, September 16, 2024

As used in this Subchapter:

(1) "Board of Directors" shall have the same meaning as defined in G.S. 53-301(a)(6a).

(2) "Collective investment fund" shall mean any fund established pursuant to 12 C.F.R. 9.18, which is incorporated by reference in Rule .0304 of this Subchapter.

(3) "State trust entity" shall mean a "state bank" or "state trust company" as defined in G.S. 53-301(a)(43) and (45).

(4) "Trust business" shall have the same meaning as defined in G.S. 53-301(a)(50).

Authority G.S. 53-366; 53C-2-5;
Eff. April 1, 2015;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. October 3, 2017.

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