54C-138. Stock in education agency.
A savings bank 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 the corporation or agency is to make loans for the financing of a college or university education, or education at an industrial education center, technical institute, or community college. (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.