§ 54-70. Bonds as investments. - North Carolina Statutes

§54‑70.  Bonds as investments.

The bonds of a land mortgageassociation shall be a legal investment for savings associations, trustcompanies, or other financial institutions chartered under the laws of thisState and shall also be a legal investment for trustees, executors,administrators, or custodians of public or private funds, or corporations,partnerships or associations. (1925, c. 223, s. 22.)