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
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.