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Code · North Carolina · Chapter 54B — Savings and Loan Associations

§ 54B-166. Nonconforming investments.

63 words·~1 min read·/nc/chapter-54b/54b-166

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§ 54B-166. Nonconforming investments.
Unless otherwise provided, every loan or other investment made in violation of this Chapter shall be due and payable according to its terms and the obligation thereof shall not be impaired; provided, that such violation consists only of the lending of an excessive sum on authorized security or of investing in an unauthorized investment. (1981, c. 282, s. 3.)
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