§ 54B-195. Any loan or investment permitted for federal associations. - North Carolina Statutes

§ 54B‑195.  Any loan orinvestment permitted for federal associations.

Subject to such limitationsand restrictions as the Commissioner of Banks may prescribe through rules andregulations, any State association is authorized and permitted to make any loanor investment, or engage in any activity, which may be permitted for federalassociations whose principal offices are located within this State. Every loanor investment made by a State association prior to the enactment of thisChapter shall for all purposes be considered to have been permitted loans orinvestments if federal associations were authorized to make such loans orinvestments at the time they were made by the State association. (1981, c. 282, s. 3; 1983, c.144, s. 21; 1989 (Reg. Sess., 1990), c. 806, s. 12; 2001‑193, s. 16.)