23 CAR § 322-105 – Transfer of stock — State-chartered trust company

(a) The stock of every state trust company shall be transferable only on the books of the trust company.
(b)
1. (1) When any number of shares of the stock of a state trust company shall be transferred to any transferee or joint transferees, the state trust company shall promptly transmit to the Bank Commissioner a certificate, on a form prescribed by the commissioner, showing such transfer.
2. (2) The certificate also shall show the total number of shares at that time outstanding in the name of the transferee or anyone known by the state trust company to be the nominee of the transferee or holding in trust for the transferee.