04 NCAC 03M .0203        NAME CHANGES

A licensee may, with the prior approval of the Commissioner, change its corporate name or the name under which it operates, provided:

(1)           the licensee and the proposed new name satisfies all applicable laws pertaining to corporate, fictitious and trade names (including, but not limited to, G.S. 53-127);

(2)           the licensee has given the Commissioner at least 30 days prior notice of the proposed new name; and

(3)           the Commissioner determines that the new name is not likely to result in confusion among the general banking public regarding the licensee's identity or powers.


History Note:        Authority G.S. 53-244.118;

Temporary Adoption Eff. July 1, 2002;

Eff. April 1, 2003.