54C-137. Municipal and county obligations.
A savings bank may invest in bonds or other evidences of indebtedness that are direct general obligations of any county, city, town, village, school district, sanitation, or park district, or other political subdivision or municipal corporation of this State; or in bonds or other evidences of indebtedness that are payable from revenues or earnings specifically pledged therefor, which are issued by a county or a political subdivision or municipal corporation of a county in this State. (1991, c. 680, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 7 - Loans and Investments.
§ 54C-122 - Lending procedures.
§ 54C-123 - Prohibited security.
§ 54C-124 - Loans conditioned on certain transactions prohibited.
§ 54C-125 - Loan expenses and fees.
§ 54C-126 - Methods of loan repayment.
§ 54C-128 - Rulemaking power of Commissioner of Banks.
§ 54C-129 - Nonconforming loans and investments.
§ 54C-130 - Limitation on loans to one borrower.
§ 54C-131 - Investment in banking premises.
§ 54C-132 - United States obligations.
§ 54C-133 - North Carolina obligations.
§ 54C-134 - Federal Home Loan Bank obligations.
§ 54C-135 - Deposits in depository institutions.
§ 54C-136 - Federal government-sponsored enterprise obligations.
§ 54C-137 - Municipal and county obligations.
§ 54C-138 - Stock in education agency.
§ 54C-139 - Industrial development corporation stock.
§ 54C-140 - Urban renewal investment corporation stock.
§ 54C-141 - Limitations on investment in stocks and securities.
§ 54C-142 - Suspension of investment and loan limitation.
§ 54C-143 - Commercial lending.
§ 54C-144 - Service corporations.