54B-189. Stock in education agency.
A State association may invest in stock or obligations of any corporation doing business in this State, or of any agency of this State or of the United States, where the principal business of such corporation or agency is to make loans for the financing of a college or university education, or education at a community college in this State. (1981, c. 282, s. 3; 1987, c. 564, s. 14.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 54B - Savings and Loan Associations
Article 8 - Other Investments.
§ 54B-180 - Other investments.
§ 54B-181 - Business property of a State association.
§ 54B-182 - United States obligations.
§ 54B-183 - North Carolina obligations.
§ 54B-184 - Federal Home Loan Bank obligations.
§ 54B-185 - Deposits in banks.
§ 54B-186 - Deposits in other associations.
§ 54B-187 - Fannie Mae obligations.
§ 54B-188 - Municipal and county obligations.
§ 54B-189 - Stock in education agency.
§ 54B-190 - Industrial development corporation stock.
§ 54B-191 - Urban renewal investment corporation stock.
§ 54B-192 - Urban renewal projects.
§ 54B-193 - Loans on sufficient collateral; other investments.
§ 54B-194 - Service corporations.
§ 54B-195 - Any loan or investment permitted for federal associations.