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

§ 54B-197. Effect of change in law or regulation.

67 words·~1 min read·/nc/chapter-54b/54b-197

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§ 54B-197. Effect of change in law or regulation.
Any loan or investment made by a State association which was in compliance with the law or regulations in effect at the time such loan or investment was made will remain a legal loan or investment even though the power to make such loans or investments in the future is amended or revoked. (1981, c. 282, s. 3.)
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