NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

 

 

CHAPTER 528

SENATE BILL 809

 

 

AN ACT TO PERMIT MUTUAL DEPOSIT GUARANTY ASSOCIATIONS TO INVEST THEIR FUNDS IN THE STOCK OF SAVINGS AND LOAN ASSOCIATIONS AND BANKS AUTHORIZED TO DO BUSINESS IN NORTH CAROLINA.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 54-44.8(5) as the same appears in the 1975 Replacement to Volume 2B of the North Carolina General Statutes is hereby amended by adding thereto the following:

"i.         Stock in banking institutions licensed to do business in the State of North Carolina."

Sec. 2.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 10th day of June, 1975.