GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001
SESSION LAW 2002-29
HOUSE BILL 1539
AN ACT to repeal an obsolete prohibition on the establishment of automated teller machines or other information-processing devices or machines by out-of-state financial institutions, as recommended by the general statutes commission.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 53-62(dl) reads as rewritten:
"(d1)
Subject to such rules and regulations as may be prescribed by the State Banking
Commission with regard to their use, maintenance and supervision, any bank may
establish off the premises of any principal office, branch or limited service
facility a customer-bank communications terminal, point-of-sale terminal,
automated teller machine, automated banking facility or other direct or remote
information-processing device or machine, whether manned or unmanned, through
or by means of which information relating to any financial service or
transaction rendered to the public is stored and transmitted, instantaneously
or otherwise, to or from a bank or other nonbank terminal; and the
establishment and use of such a device or machine shall not be deemed a branch
or limited service facility, and the capital requirements and standards for approval
of a branch or limited service facility, all as set forth in subsections (b)
and (c) above, of this section, shall not be applicable to the
establishment of any such off-premises terminal device or machine; provided,
however, that no bank, savings and loan association, savings bank, credit union
or any other financial institution which is not domiciled in North Carolina may
establish in North Carolina any information processing device or machine
described in this subsection. machine."
SECTION 2. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 11th day of July, 2002.
s/ Beverly E. Perdue
President of the Senate
s/ James B. Black
Speaker of the House of Representatives
s/ Michael F. Easley
Governor
Approved 1:46 p.m. this 22nd day of July, 2002