§ 54B-195 – Any loan or investment permitted for federal associations.
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 […]
§ 54B-197 – Effect of change in law or regulation.
54B-197. Effect of change in law or regulation. Any loan or investment made by a State association which was in compliance with the law or regulations in effect at the time such loan or investment was made will remain a legal loan or investment even though the power to make such loans or investments in […]
§ 54B-193 – Loans on sufficient collateral; other investments.
54B-193. Loans on sufficient collateral; other investments. (a) A State association may invest in loans secured by any collateral deemed sufficient by the board of directors to properly secure loans; however, if the collateral consists of stock or equity securities of any kind, the stock or securities must be listed on a national stock exchange […]
§ 54B-194 – Service corporations.
54B-194. Service corporations. (a) Any association or group of associations whose principal offices are located within this State, may establish service corporations under the provisions of Chapter 55 for corporate organization, provided that the Commissioner of Banks receives copies of the proposed articles of incorporation and bylaws for approval, prior to filing them with the […]
§ 54B-183 – North Carolina obligations.
54B-183. North Carolina obligations. A State association may invest in any obligation issued and fully guaranteed in principal and interest by the State of North Carolina or any instrumentality thereof. (1981, c. 282, s. 3.)
§ 54B-184 – Federal Home Loan Bank obligations.
54B-184. Federal Home Loan Bank obligations. A State association may invest in the stock of the Federal Home Loan Bank of which such association is a member, and in bonds or other evidences of indebtedness or obligation of any Federal Home Loan Bank. (1981, c. 282, s. 3.)
§ 54B-185 – Deposits in banks.
54B-185. Deposits in banks. A State association may invest in certificates of deposit, time insured deposits, savings accounts, or demand deposits of such banks as are approved by the board of directors of the association. (1981, c. 282, s. 3.)
§ 54B-186 – Deposits in other associations.
54B-186. Deposits in other associations. A State association may invest in withdrawable accounts of any association as approved by the board of directors. (1981, c. 282, s. 3; 1981 (Reg. Sess., 1982), c. 1238, s. 18.)
§ 54B-187 – Fannie Mae obligations.
54B-187. Fannie Mae obligations. A State association may invest in stock or other evidences of indebtedness or obligations of Fannie Mae, or any successor thereto. (1981, c. 282, s. 3; 2001-487, s. 14(d).)
§ 54B-188 – Municipal and county obligations.
54B-188. Municipal and county obligations. A State association may invest in bonds or other evidences of indebtedness which 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 which are payable […]