North Carolina Statutes
§ 53A-44 — Prohibited investments
North Carolina·Ch. 53A Business Development Corporations and North Carolina Capital Resource Corporations·Art. 3 North Carolina Enterprise Corporations
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
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