§ 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-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-210 – Components of liquidity fund.
54B-210. Components of liquidity fund. (a) Every State association shall establish and maintain a regulatory capital account in an amount and in such funds and investments that comply with the requirements of the appropriate federal regulatory authorities. (b) The failure of a State association to maintain the required level and type of regulatory capital may […]
§ 54B-211 – Renewal of liquidity fund.
54B-211. Renewal of liquidity fund. If the liquidity fund falls below the amount required by the Commission, the association shall make no new real property loans until the required level has been attained. The refinancing, recasting or renewal of loans previously made and loans made as a result of foreclosure sales under instruments held by […]
§ 54B-216 – General reserve.
54B-216. General reserve. (a) Every State association shall establish and maintain general valuation allowances and specific loss reserves in compliance with the requirements of the appropriate federal regulatory authorities. (b) The failure of a State association to maintain the required level of general valuation allowances or specific loss reserves may be grounds for supervisory action […]
§ 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.)