This act may be cited as the North Carolina Financial Privacy Act. (1985 (Reg. Sess., 1986), c. 1002, s. 1.)

This legal document pertains to the Commissioner’s official acts, rulings, and transactions. The Commissioner is required to keep a record of these acts, rulings, and transactions in the OCOB. The records are generally open to inspection and copying by any person, subject to certain conditions. However, there are specific records that are considered confidential and are exempt from disclosure or public inspection. These include records compiled during or in connection with examinations, audits, or investigations, records containing personal information about individuals, records containing information about the character, competency, or experience of certain individuals or parties, records of financial institutions in dissolution, and records obtained from federal regulatory agencies.

The Commissioner of Banks may promulgate rules and regulations no less stringent than the requirements of the appropriate federal regulatory authority, and as he deems necessary, to govern the making of loans to officers and directors, and their associates, and companies or other business entities controlled by them. (1981, c. 282, s. 3; 1983, c. 144, s. 20; 1989 (Reg. Sess., 1990), c. 806, s. 10; 2001-193, s. 16.)

This provision, found in the North Carolina Business Corporation Act, governs loans to directors of corporations. Generally, a corporation is prohibited from directly or indirectly lending money to or guaranteeing the obligation of a director, unless certain conditions are met. These conditions include obtaining approval from a majority of the votes represented by outstanding voting shares, or the approval of the corporation’s board of directors based on a determination that the loan or guarantee benefits the corporation.

This Article shall be known and may be cited as the ‘Identity Theft Protection Act’. (2005-414, s. 1.)

The Identity Theft Protection Act governs the protection of personal information and consumer reports. It applies to businesses, consumers, and consumer reporting agencies. The Act defines various terms such as ‘business’, ‘consumer’, ‘consumer report’, ‘consumer reporting agency’, ‘credit card’, ‘debit card’, ‘disposal’, ’encryption’, ‘person’, ‘personal information’, ‘proper identification’, ‘protected consumer’, ‘protected consumer security freeze’, ‘protected consumer’s file’, ‘records’, ‘redaction’, and ‘representative’. The Act also defines ‘security breach’, ‘security freeze’, ‘sufficient proof of authority’, and ‘sufficient proof of identification’.

This legal document, known as the Identity Theft Protection Act, establishes security breach notification requirements for businesses that own or license personal information of residents of North Carolina. It applies to businesses that own or license personal information in any form and requires them to provide notice to affected individuals in the event of a security breach. The notice must be provided without unreasonable delay, consistent with the needs of law enforcement and measures necessary to determine the scope of the breach and restore the security of the data system.

The Schedule I-C of the North Carolina General Statutes, under the section of Taxation, specifically deals with the levy of excise tax on banks. It applies to all banks operating in North Carolina. The document does not mention any exemptions or specific penalties for non-compliance or violation of the excise tax provisions. The Schedule I-C provides the legal framework and guidelines for the imposition and collection of excise tax on banks in North Carolina.

The North Carolina Unclaimed Property Act governs the treatment of unclaimed property in the state. It establishes the rights and obligations of holders of unclaimed property and provides procedures for reporting, payment, delivery, custody, and disposal of abandoned property. The Act applies to various entities, including individuals, businesses, financial organizations, insurance companies, and government entities. It also outlines exemptions for property with no substantial commercial value, property with recognized historic significance, and property regulated by other agencies or authorities.

This legal provision in the North Carolina General Statutes governs the handling of unclaimed personal estate in the settlements of decedents’ estates. When the administration of an estate of a person who died intestate or partially intestate, without any known heirs, is ready to be closed and there are sums of money or other personal estate remaining unrecovered or unclaimed, such assets shall be paid or delivered to the State Treasurer as an escheat.