State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-46_1

§53‑46.1.  Investments in mutual funds.

Subject to rules adopted bythe Banking Commission, a bank may invest a portion of its unimpaired capitalin mutual funds. Any limitation imposed by rule on the amount of suchinvestment shall be in addition to a bank's limitations on investment in stocksprovided in G.S. 53‑47. (1995, c. 129, s. 11.)