§ 53-372. Required vote of shareholders.
Part 5. Dissolution andReceivership; Conservatorship; Jeopardized State Trust Companies.
Subpart A. VoluntaryDissolution and Liquidation.
§ 53‑372. Required voteof shareholders.
With the approval of theCommissioner, a State trust company may go into voluntary liquidation, beclosed, and surrender its charter and franchise as a corporation of this Stateby the affirmative vote of its shareholders owning two‑thirds of itsstock. (2001‑263,s. 1.)