State Codes and Statutes
Statutes > North-carolina > Chapter_54B > GS_54B-166§54B‑166. Nonconforming investments.
Unless otherwise provided,every loan or other investment made in violation of this Chapter shall be dueand payable according to its terms and the obligation thereof shall not beimpaired; provided, that such violation consists only of the lending of anexcessive sum on authorized security or of investing in an unauthorizedinvestment. (1981, c. 282, s. 3.)