122D-7. Purchases and sales of agricultural loans.
The Authority may purchase or contract to purchase and sell or contract to sell agricultural loans made by lending institutions. All lending institutions are hereby authorized to purchase and sell agricultural loans to the Authority in accordance with the provisions of this Chapter and the rules and regulations of the Authority. To the extent that any provisions of this section may be inconsistent with any provision of law governing lending institutions, the provisions of this section shall control. (1985 (Reg. Sess., 1986), c. 1011, s. 1; 1989, c. 500, s. 109(e); 1989 (Reg. Sess., 1990), c. 1074, s. 32(b).)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 122D - North Carolina Agricultural Finance Act
§ 122D-2 - Legislative findings and purposes.
§ 122D-4 - North Carolina Agricultural Finance Authority.
§ 122D-5 - Officers and employees; administration of Chapter.
§ 122D-6 - General powers of Authority.
§ 122D-7 - Purchases and sales of agricultural loans.
§ 122D-8 - Loans to and deposits with lending institutions.
§ 122D-9 - Insurance of agricultural loans.
§ 122D-10 - Bonds of the Authority.
§ 122D-13 - Purchase of bonds by Authority.
§ 122D-14 - Exemption from taxes.
§ 122D-15 - Covenant of State.
§ 122D-17 - Bonds as legal investment and security for public deposits.
§ 122D-18 - Account and audits.
§ 122D-19 - Cooperation of State agencies.
§ 122D-20 - Construction of Chapter.