54B-195. Any loan or investment permitted for federal associations.
Subject to such limitations and restrictions as the Commissioner of Banks may prescribe through rules and regulations, any State association is authorized and permitted to make any loan or investment, or engage in any activity, which may be permitted for federal associations whose principal offices are located within this State. Every loan or investment made by a State association prior to the enactment of this Chapter shall for all purposes be considered to have been permitted loans or investments if federal associations were authorized to make such loans or investments at the time they were made by the State association. (1981, c. 282, s. 3; 1983, c. 144, s. 21; 1989 (Reg. Sess., 1990), c. 806, s. 12; 2001-193, s. 16.)
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.