§ 54B-166. Nonconforming investments. - North Carolina Statutes

§54B‑166.  Nonconforming investments.

Unless otherwise provided,every loan or other investment made in violation of this Chapter shall be dueand payable according to its terms and the obligation thereof shall not beimpaired; provided, that such violation consists only of the lending of anexcessive sum on authorized security or of investing in an unauthorizedinvestment. (1981, c. 282, s. 3.)