There Is a Newer Version
of
the North Carolina General Statutes
2011 North Carolina General Statutes
Chapter 54B Savings and Loan Associations.
Article 7 - Loans.
54B-166. Nonconforming investments.
Universal Citation:
NC Gen Stat § 54B-166
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
54B‑166. Nonconforming investments.
Unless otherwise provided, every loan or other investment made in violation of this Chapter shall be due and payable according to its terms and the obligation thereof shall not be impaired; provided, that such violation consists only of the lending of an excessive sum on authorized security or of investing in an unauthorized investment. (1981, c. 282, s. 3.)
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