§ 54B-181. Business property of a State association. - North Carolina Statutes

§ 54B‑181.  Businessproperty of a State association.

A State association may investin real property and equipment necessary for the conduct of its business and inreal property to be held for its future use. Such association may invest in anoffice building or buildings, and appurtenances for the purpose of thetransaction of such association's business or for rental. No such investmentmay be made without the prior written approval of the Commissioner of Banks ifthe total amount of such investments exceeds the association's net worth. (1981, c. 282, s. 3; 2001‑193,s. 16.)