North Carolina Statutes
§ 53A-44 — Prohibited investments
North Carolina § 53A-44
JurisdictionNorth Carolina
Ch. 53ABusiness Development Corporations and North Carolina Capital Resource Corporations
Art. 3North Carolina Enterprise Corporations
This text of North Carolina § 53A-44 (Prohibited investments) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.C. Gen. Stat. § 53A-44 (2026).
Text
Investments by a North Carolina Enterprise Corporation shall not be made in any business unless the business can demonstrate to the satisfaction of the North Carolina Enterprise Corporation that the business cannot obtain sufficient financing through traditional financial institutions. (1987 (Reg. Sess., 1988), c. 882, s. 1.)
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Nearby Sections
12
§ 53A-35
Short Title§ 53A-36
Legislative findings and purpose§ 53A-37
Definitions§ 53A-38
Incorporation authorized§ 53A-39
Purpose§ 53A-40
Corporate name§ 53A-41
Governing law§ 53A-42
Powers§ 53A-43
Primary investments§ 53A-44
Prohibited investments§ 53A-45
Board of directorsCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 53A-44, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/53A/53A-44.