NORTH CAROLINA GENERAL ASSEMBLY
1967 SESSION

CHAPTER 556
SENATE BILL 198

AN ACT TO AMEND G.S. 54-14 TO PROVIDE THAT NORTH CAROLINA SAVINGS AND LOAN ASSOCIATIONS MAY ISSUE SUCH SERIES OR CLASSES AND KINDS OF SHARES AS MAY BE ISSUED BY FEDERAL SAVINGS AND LOAN ASSOCIATIONS.

The General Assembly of North Carolina do enact:

Section 1.  G.S. 54-14 is hereby amended by striking out the colon immediately following the word "bylaws" in line 3, inserting a comma in lieu thereof, and adding the following:
"or by the Federal Home Loan Bank and Federal Savings and Loan Insurance Corporation for federal savings and loan associations, subject to such regulations and limitations as the Commissioner of Insurance may prescribe;".
Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed. .
Sec. 3.  This Act shall be effective from and after the date of its ratification.
In the General Assembly read three times and ratified, this the 23rd day of May, 1967.