AN ACT TO MAKE TECHNICAL, CLARIFYING, AND OTHER AMENDMENTS TO PROVISIONS APPLICABLE TO COMMERCIAL BANKS, PROVISIONS APPLICABLE TO BANK HOLDING COMPANIES, AND PROVISIONS APPLICABLE TO CREDIT UNIONS.
Senate committee substitute makes the following changes to the 2nd edition.
Amends the long title.
Amends GS 53C-10-101 (Holding companies). Applies that statute to holding companies that directly or indirectly control depository institutions (was, holding companies that directly or indirectly control banks).
Deletes Part III, which proposed amendments to GS 45-91. Makes conforming organizational changes.
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