§ 54B-193. Loans on sufficient collateral; other investments. - North Carolina Statutes

§ 54B‑193.  Loans onsufficient collateral; other investments.

(a)        A State associationmay invest in loans secured by any collateral deemed sufficient by the board ofdirectors to properly secure loans; however, if the collateral consists ofstock or equity securities of any kind, the stock or securities must be listedon a national stock exchange or regularly quoted and offered for trade on anover‑the‑counter market.

(b)        Subject to suchlimitations as the Commissioner of Banks may prescribe by regulation, a Stateassociation may invest in any investment deemed appropriate by its board ofdirectors. (1981,c. 282, s. 3; 1981 (Reg. Sess., 1982), c. 1238, s. 19; 2001‑193, s. 16.)