NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 609

SENATE BILL 168

 

 

AN ACT TO PREVENT UNREASONABLE DISCLOSURE OF BANK CUSTOMER RECORDS.

 

The General Assembly of North Carolina do enact:

 

Section 1. G. S. 55-38 is amended by adding at the end thereof a new subsection to be designated subsection (i), reading as follows:

"(i)       Provided that nothing in this Section shall be construed to authorize a shareholder of a banking corporation to examine the deposit records or loan records of a bank customer, except upon order of a court of competent jurisdiction for good cause shown."

Sec. 2. Nothing in this Act shall affect pending litigation.

Sec. 3. All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 4. 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 19th day of May, 1965.