{"data":{"id":"us-nc/n.c.-gen.-stat.-54-47","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 54-47","heading":"Loans.","body":"The board of directors of land and loan associations may contract for loans to the amount of seventy-five percent (75%) of the securities used by them as collateral, where the loans are on long time (three or more years), and for at least one percent (1%) less than is charged by such associations on their loans to shareholders; and they may make short loans to their shareholders on their shares and personal endorsement or personal property. (1915, c. 172, s. 3; C.S., s. 5206.)","path":["Chapter 54. Cooperative Organizations.","SUBCHAPTER II. LAND AND LOAN ASSOCIATIONS.","Article 8. Organization and Powers."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_54/GS_54-47.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:32Z","sha256":"217f3a4da1f5271ddbd3989a915d5b26261db088f196f5e5448f5f45450b709b","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-54-46","next":"us-nc/n.c.-gen.-stat.-54-48"},"notice":"GroundRules: Original legal text. Not legal advice."}