§ 54B-270. Special conditions.
§ 54B‑270. Specialconditions.
(a) The Commissioner ofBanks may require an out‑of‑state association to designate one ofits branches in North Carolina as a "headquarters branch" and may, byrule, require that reports, books, and records required of associations doingbusiness under this Article be available at the designated headquarters branch.
(b) Once an out‑of‑stateassociation has established at least one branch in North Carolina pursuant tothis Article, subsequent applications to establish additional branches shall beconsidered on the same basis as an application of a State association toestablish an additional branch pursuant to G.S. 54B‑22.
(c) If an out‑of‑stateassociation establishes a branch or branches by merger with or purchase from anassociation located in this State, and the out‑of‑state associationand the association located in this State are both owned by the same holdingcompany, any conditions, limitations, or restrictions placed on the holdingcompany, pursuant to Articles 3A and 13 of this Chapter, shall continue toapply to both the acquiring out‑of‑state association and itsholding company. (1993,c. 191, s. 2; 2001‑193, s. 16.)