NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 1032

HOUSE BILL 983

 

 

AN ACT TO PERMIT BANKS TO DECLARE STOCK DIVIDENDS IN THE SAME MANNER AS IS PERMITTED TO OTHER CORPORATIONS.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 53-10 is amended by inserting a period after the word "corporations" appearing in line 3 as the Section now appears in the General Statutes of North Carolina and by deleting from said Section the remainder of said Section.

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 14th day of June, 1965.