North Carolina Statutes
§ 54-72 — Restriction on holding real estate
North Carolina § 54-72
JurisdictionNorth Carolina
Ch. 54Cooperative Organizations
Art. 8Organization and Powers
Subch. IILAND AND LOAN ASSOCIATIONS
This text of North Carolina § 54-72 (Restriction on holding real estate) 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. § 54-72 (2026).
Text
No land mortgage association shall acquire real estate (other than for the occupation of its offices) except to protect its interest in case any of the mortgages owned by it are foreclosed and the property therein described sold to pay the indebtedness secured thereby. All real estate so acquired shall be promptly sold.
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Legislative History
(1925, c. 223, s. 24.)
Nearby Sections
15
§ 54-109.1
Definition and purposes§ 54-109.10
Creation and supervision of Division§ 54-109.105
What information deemed confidential; disclosure; certain information deemed public; exchange of information§ 54-109.106
Foreign Credit Unions§ 54-109.11
Duties of Administrator§ 54-109.12
Corporations organized hereunder subject to Administrator of Credit Unions; rules and regulations§ 54-109.13
Revocation of certificate; liquidation§ 54-109.14
Fees§ 54-109.15
Reports§ 54-109.16
Examinations required; payment of cost§ 54-109.17
Records§ 54-109.19
Removal of officers§ 54-109.2
Organization procedure§ 54-109.20
Reserved for future codification purposesCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 54-72, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/54/54-72.