23 CAR § 320-1312. Surrender or revocation of fiduciary powers

(a) Any state bank that has been granted the right to exercise fiduciary powers and that desires to surrender such right shall file with the Bank Commissioner a certified copy of the resolution of its board of directors signifying such desire. (b) Upon receipt of such resolution, the commissioner shall: (1) Make an investigation; and (2) If satisfied that the bank has been discharged from all fiduciary duties which it has undertaken, issue a certificate to such bank certifying that it is no longer authorized to exercise fiduciary powers.