§ 54C-146 – Certain powers granted to State savings banks.
54C-146. Certain powers granted to State savings banks. (a) In addition to the powers granted under this Chapter, but subject to any rules that the Commissioner of Banks may prescribe, a savings bank incorporated or operated under this Chapter may: (1) Establish off the premises of any principal office or branch a customer communications terminal, […]
§ 54C-136 – Federal government-sponsored enterprise obligations.
54C-136. Federal government-sponsored enterprise obligations. A savings bank may invest in stock or other evidences of indebtedness or obligations of Fannie Mae, the Federal Home Loan Mortgage Corporation, or any other federal government sponsored enterprise, or any successor thereto. (1991, c. 680, s. 1; 2001-487, s. 14(e).)
§ 54C-137 – Municipal and county obligations.
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 […]
§ 54C-138 – Stock in education agency.
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 […]
§ 54C-139 – Industrial development corporation stock.
54C-139. Industrial development corporation stock. A savings bank may invest in stock or other evidence of indebtedness or obligations of business or industrial development corporations chartered by this State or by the United States. (1991, c. 680, s. 1.)
§ 54C-140 – Urban renewal investment corporation stock.
54C-140. Urban renewal investment corporation stock. A savings bank may invest in stock or other evidence of indebtedness or obligations of an urban renewal investment corporation chartered under the laws of this State or of the United States. (1991, c. 680, s. 1.)
§ 54C-141 – Limitations on investment in stocks and securities.
54C-141. Limitations on investment in stocks and securities. (a) No savings bank shall make an investment in the capital stock of any other State or federal depository institution that represents more than five percent (5%) of the capital stock of that depository institution. (b) No savings bank shall invest in stock of other than investment […]
§ 54C-142 – Suspension of investment and loan limitation.
54C-142. Suspension of investment and loan limitation. The board of directors of any savings bank may, by resolution duly passed at a meeting of the board, request the Commissioner of Banks to suspend temporarily the limitations on loans and investments as they may apply to any particular loan or investment in excess of the limitations […]
§ 54C-143 – Commercial lending.
54C-143. Commercial lending. A savings bank may lend and invest in commercial loans in an aggregate amount that either (i) does not exceed fifteen percent (15%) of its total assets; or (ii) equals a percentage of its total assets greater than fifteen percent (15%), if approved by the Commissioner of Banks upon written request of […]
§ 54C-144 – Service corporations.
54C-144. Service corporations. (a) A savings bank or group of savings banks or associations may establish service corporations under Chapter 55 of the General Statutes, provided that the Commissioner of Banks receives copies of the proposed articles of incorporation and bylaws for approval, before filing them with the Secretary of State. A savings bank may […]