4 N.C. Admin. Code 16F.0102
Current through Register Vol. 39, No. 9, November 1, 2024
Investments in a service corporation include not only stock and other securities of a service corporation, such as notes, bonds and debentures, but also any loans, secured or unsecured, to the service corporation. The investment limitation established by G.S. 54B-194 and G.S. 54C-144 applies to the total investment that a savings institution can make in one or in any number of service corporations. A secured loan to a state-wide multi-owned service corporation shall not be included in the assets investment limitation.
04 N.C. Admin. Code 16F .0102
Eff. August 31, 1981;
Amended Eff. July 1, 1990; October 1, 1982;
Temporary Amendment Eff. October 2, 1991 for a period of 180 days to expire on March 31, 1992;
Amended Eff. May 11, 1992;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. November 22, 2018.
Eff. 8/31/1981;
Amended Eff. 7/1/1990; 10/1/1982;
Temporary Amendment Eff. 10/2/1991 for a period of 180 days to expire on 3/31/1992;
Amended Eff. 5/11/1992;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. 11/22/2018.