Laws of North Carolina (Last Updated: May 12, 2015) |
Chapter54. Cooperative Organizations. |
SubchapterII. LAND AND LOAN ASSOCIATIONS |
Article8. Organization and Powers |
§54-70. Bonds as investments
Latest version.
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The bonds of a land mortgage association shall be a legal investment for savings associations, trust companies, or other financial institutions chartered under the laws of this State and shall also be a legal investment for trustees, executors, administrators, or custodians of public or private funds, or corporations, partnerships or associations.
(1925, c. 223, s. 22.)