23 CAR § 320-2601. Authority to adopt plan of exchange — Notice — Court reporter

(a) The Bank Commissioner requires that the bank intending to adopt a plan of exchange publish a legal notice of the commissioner’s fairness hearing in a newspaper of statewide circulation. (b) These notices must be published at least once, ten (10) days prior to the commissioner’s fairness hearing. (c) Proof of publication must be delivered to the commissioner’s office. (d) In addition, the commissioner requires that the notice of the commissioner’s fairness hearing be included in the proxy material mailed to the stockholders of the bank at least ten (10) days prior to the date of the stockholders meeting at which the plan of exchange will be voted upon.