reglab/housing_qa huggingface dataset:
NC Gen Stat § 54-109.88 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 14J - Reserve Allocations.|§ 54-109.88 - "Risk assets" defined.

 54-109.88. "Risk assets" defined.For the purpose of establishing the reserves required by G.S. 54-109.86, all assets except the following shall be considered risk assets:(1) Cash on hand.(2) Deposits and shares in federal or State banks, savings and loan associations, and credit unions.(3) Assets which are issued by, fully guaranteed as to principal and interest by, or due from the U.S. government, its agencies, Fannie Mae, or the Government National Mortgage Association.(4) Loans to other credit unions.(5) Loans to students insured under the provision of Title IV, Part B of the Higher Education Act of 1965 (20 U.S.C. 1071, et seq.) or similar state insurance programs.(6) Loans insured under Title I of the National Housing Act (12 U.S.C. 1703) by the Federal Housing Administration.(7) Shares or deposits in central credit unions organized under Article 14I of this Chapter of any other State act or of the Federal Credit Union Act.(8) Common trust investments which deal in investments authorized by Articles 14A to 14L of this Chapter.(9) Prepaid expenses.(10) Accrued interest on nonrisk investments.(11) Furniture and equipment.(12) Land and buildings.(13) Loans secured by shares.(14) Deposits in mutual savings guaranty associations which qualify under Article 7A of Chapter 54 of the General Statutes.(15) Investments in the College Foundation. (1975, c. 538, s. 1; 1977, c. 559, s. 8; 2001-487, s. 14(c).)
NC Gen Stat § 54-109.94 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 14K - Change in Corporate Status.|§ 54-109.94 - Merger.

 54-109.94. Merger.Any credit union may, with the approval of the Administrator of Credit Unions, merge with another credit union subject to the rules and regulations set forth by the Administrator of Credit Unions. (1975, c. 538, s. 1.)
NC Gen Stat § 54-109.95 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 14K - Change in Corporate Status.|§ 54-109.95 - Conversion of charter.

 54-109.95. Conversion of charter.(a) A credit union chartered under the laws of this State may be converted to a credit union chartered under the laws of any other state or under the laws of the United States, subject to regulations issued by the Administrator of the Credit Union Division.(b) A credit union chartered under the laws of the United States or of any other state may convert to a credit union chartered under the laws of this State. To effect such a conversion, a credit union must comply with all the requirements of the jurisdiction under which it was originally chartered and the requirements of the Administrator of Credit Unions and file proof of such compliance with said Administrator. (1965, c. 956, s. 9; 1975, c. 538, s. 1.)
NC Gen Stat § 54-109.99 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 14L - Taxation.|§ 54-109.99 - Restriction of taxation.

 54-109.99. Restriction of taxation.The corporation shall be deemed an institution for savings, and together with all accumulations therein shall not be taxable under any law which shall exempt building and loan associations or institutions for savings from taxation; nor shall any law passed taxing corporations in any form, or the shares thereof, or the accumulations therein, be deemed to include corporations doing business in pursuance of the provisions of this Article, unless they are specifically named in such law. The shares of credit unions, being hereby regarded as a system for saving, shall not be subject to any stock-transfer tax either when issued by the corporation or transferred from one member to another. (1915, c. 115, s. 26; C.S., s. 5225; 1925, c. 73, ss. 3, 16; 1935, c. 87; 1975, c. 538, s. 1.)
NC Gen Stat § 54-109.105 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 14M - Confidential Information.|§ 54-109.105 - What information deemed confidential; disclosure; certain information deemed public; exchange of information.

 54-109.105. What information deemed confidential; disclosure; certain information deemed public; exchange of information.(a) The following records of information of the credit union division, the Administrator or the agent(s) of either shall be confidential and shall not be disclosed:(1) Information obtained or compiled in preparation of, during, or as a result of an examination, audit or investigation of any credit union;(2) Information reflecting the specific collateral given by a named borrower, or specific withdrawable accounts held by a named member;(3) Information obtained, prepared or compiled during or as a result of an examination, audit or investigation of any credit union by an agency of the United States, if the records would be confidential under federal law or regulation;(4) Information and reports submitted by credit unions to federal regulatory agencies, if the records or information would be confidential under federal law or regulation;(5) Information and records regarding complaints from the members received by the division which concern credit unions when the complaint would or could result in an investigation, except to the management of those credit unions;(6) Any other letters, reports, memoranda, recordings, charts or other documents or records which would disclose any information of which disclosure is prohibited in this subsection.(b) A court of competent jurisdiction may order the disclosure of specific information.(c) The information contained in an application for a new credit union shall be deemed to be public information.(d) Nothing in this Article shall prevent the exchange of information relating to credit unions and the business thereof with the representatives of the agencies of this State, other states, or of the United States, or with reserve or insuring agencies for credit unions. Nothing in this Article shall prevent the Administrator, in his discretion, from disclosing pertinent information relating to a credit union and the business thereof with directors, officers, or members of the credit union. The private business and affairs of an individual or company shall not be disclosed by any person employed by the credit union division, or by any person with whom information is exchanged under the authority of this subsection.(e) Any official or employee violating this section shall be liable to any person injured by disclosure of such confidential information for all damages sustained thereby. Penalties provided shall not be exclusive of other penalties.(f) The willful or knowing violation of the provisions of this Article by any employee of the credit union division shall be a Class 1 misdemeanor. (1981, c. 512; 1993, c. 539, s. 429; 1994, Ex. Sess., c. 24, s. 14(c).)
NC Gen Stat § 54-109.106 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 14N - Foreign Credit Unions.|§ 54-109.106 - Foreign Credit Unions.

 54-109.106. Foreign Credit Unions.(a) A credit union organized under the laws of another state or territory of the United States may conduct business as a credit union in this State with the approval of the Administrator, provided credit unions incorporated under Articles 14A through 14M of this Chapter are allowed to do business in the other state under conditions similar to these provisions. Before granting the approval, the Administrator must find that the foreign credit union:(1) Is a credit union organized under laws similar to Articles 14A through 14M of this Chapter;(2) Is financially solvent;(3) Has account insurance through the federal government or any agency thereof;(4) Is examined and supervised by a regulatory agency of the state in which it is organized;(5) Will serve a field of membership not being served in this State or to adequately serve its members in this State;(6) Operation by the credit union will not have adverse impact on the financial, economic or other interests of residents of this State.(b) No foreign credit union may conduct business in this State unless it:(1) Makes loans at such terms allowed under the provisions of Article 14G of this Chapter;(2) Complies with the rules and regulations applicable to credit unions incorporated under Articles 14A through 14M of this Chapter;(3) Agrees to furnish the Administrator a copy of the report of examination of its regulatory agency and such other documents or reports as may be requested or to submit to an examination as the Administrator deems necessary;(4) Designates and maintains an agent for the service of process in this State.(c) The Administrator may deny or revoke approval of a credit union to conduct business in this State if the Administrator finds that:(1) The credit union fails to meet the requirements of subsection (a);(2) The credit union fails to comply with the laws of this State or lawful rules or orders issued by the Administrator;(3) The credit union has engaged in a pattern of unsafe or unsound credit union practices. (1991, c. 271.)
NC Gen Stat § 54-110 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 15 - Central Associations.|§ 54-110 - Recodified as §§ 54-110.1 through 54-110.10.

 54-110: Recodified as 54-110.1 through 54-110.10.
NC Gen Stat § 54-110.1 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 15A - Corporate Credit Union.|§ 54-110.1 - Definition and purposes.

 54-110.1. Definition and purposes.(a) A corporate credit union may be incorporated under this Article and shall be subject to all parts of this Chapter not inconsistent with this Article.(b) A corporate credit union is a cooperative nonprofit association whose members consist primarily of other credit unions and whose purposes are:(1) To accumulate and prudently manage the liquidity of its member credit unions through interlending and investment services;(2) To act as an intermediary for credit union funds between members and other corporate credit unions;(3) To obtain liquid funds from other credit union organizations, financial intermediaries, and other sources;(4) To foster and promote in cooperation with other state, regional, and national corporate credit unions and credit union organizations or associations the economic security, growth and development of member credit unions; and(5) To perform such other financial services of benefit to its members which are authorized by the Administrator of Credit Unions. (1983, c. 470.)
NC Gen Stat § 54-110.2 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 15A - Corporate Credit Union.|§ 54-110.2 - Membership.

 54-110.2. Membership.(a) Membership in the corporate credit union shall be institutional and be limited to the subscribers to the articles of incorporation, credit unions organized under Chapter 54 of the General Statutes, the Federal Credit Union Act or any other credit union act, organizations or associations of credit unions, and such other persons or organizations provided for in the articles of incorporation unless the bylaws otherwise prescribe.(b) The board of directors of each credit union, organization or association becoming a member of the corporate credit union shall designate one person to be a voting representative in the corporate credit union. Such voting representatives shall be eligible to hold office in the corporate credit union as if such person were himself a member of the corporate credit union. (1983, c. 470.)
NC Gen Stat § 54-110.3 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 15A - Corporate Credit Union.|§ 54-110.3 - Charter and name exclusive.

 54-110.3. Charter and name exclusive.Only one corporate credit union shall be incorporated under this Article; and no other credit union may use the term "corporate credit union" as a part of its name. (1983, c. 470.)
NC Gen Stat § 54-110.4 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 15A - Corporate Credit Union.|§ 54-110.4 - Organization.

 54-110.4. Organization.(a) Application to form a corporate credit union shall be made in writing to the Administrator of Credit Unions. The application shall contain the names of at least 15 credit unions which have agreed to subscribe to shares in the corporate credit union at the time the application is made.(b) The application shall be accompanied by articles of incorporation, bylaws, and articles of association or other appropriate documents.(c) The bylaws shall provide for the selection of a board of directors of a least five members and shall require credit unions applying for membership to subscribe to shares in a minimum amount as specified in the bylaws. (1983, c. 470.)
NC Gen Stat § 54-110.5 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 15A - Corporate Credit Union.|§ 54-110.5 - Powers and privileges.

 54-110.5. Powers and privileges.(a) A corporate credit union shall enjoy the powers and privileges of any other credit union incorporated under Chapter 54 of the General Statutes in addition to those powers enumerated in this Article, notwithstanding any limitations or restrictions found elsewhere in this Article.(b) A corporate credit union may:(1) Accept shares or deposits in any form from its members, other state, regional or national corporate credit unions, and credit union organizations or associations;(2) Make loans to its members and other credit unions and other State, regional or national corporate credit unions, organizations and associations of credit unions;(3) Establish lines of credit for members and participate with other credit unions in making loans to its members under the terms and conditions determined by the board of directors;(4) Invest in the shares of or make deposits in credit unions;(5) Buy and sell any form of marketable debt obligations of domestic or foreign corporations or of federal, state or local government units;(6) Borrow from any source without limitation, accept demand deposits from any source and issue notes or debentures;(7) Acquire or sell the assets and assume the liabilities of a member; and(8) Enter into agreements with credit unions to discount or purchase loans made pursuant to government-guaranteed loan programs, real estate loans made by members or any obligations of the United States or any agency thereof held by members.(c) A corporate credit union shall not be taxable under any law which shall exempt any other credit union.(d) The board of directors shall meet at least quarterly and shall have the general direction and control of the affairs of the corporation.(e) The corporate credit union may exercise such incidental powers or privileges conferred upon a federal corporate credit union. (1983, c. 470.)
NC Gen Stat § 54-110.6 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 15A - Corporate Credit Union.|§ 54-110.6 - Participation in central system.

 54-110.6. Participation in central system.The corporate credit union may enter into agreements for the purpose of participation in any state or federal central liquidity facility or central financial system for credit unions, and for the purpose of aiding credit unions in establishing concentrated lines of credit with other financial institutions and act as a depositor and transmitter of funds to carry out such agreements. (1983, c. 470.)
NC Gen Stat § 54-110.7 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 15A - Corporate Credit Union.|§ 54-110.7 - Right of set-off; security interest.

 54-110.7. Right of set-off; security interest.(a) The corporate credit union shall have a right of immediate set-off against the balances of the share and deposit accounts of each member for any amounts due from the member to the corporate credit union.(b) The corporate credit union shall have a lien on all share and deposit accounts of each member in the amount of the total indebtedness of the member to the corporate credit union. The lien created herein shall attach to such accounts and be effective whenever the member is indebted to the corporate credit union. The lien shall have priority over any interests of all members and unsecured creditors of the member credit unions of the corporate credit union.(c) The board of directors or credit committee may require and accept additional security for loans to a member in the form of a pledge, assignment, hypothecation or mortgage of any assets of the member or a guarantor. (1983, c. 470.)
NC Gen Stat § 54-110.8 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 15A - Corporate Credit Union.|§ 54-110.8 - Fees.

 54-110.8. Fees.The operating fees established by the Administrator of Credit Unions shall make allowances for the special purposes and operations of a corporate credit union. (1983, c. 470.)
NC Gen Stat § 54-110.9 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 15A - Corporate Credit Union.|§ 54-110.9 - Reserves.

 54-110.9. Reserves.A corporate credit union shall be exempt from the regular reserve requirements of Article 14J, but shall be required to establish and maintain an equity reserve to meet losses, in accordance with regulations prescribed by the Administrator of Credit Unions. (1983, c. 470.)
NC Gen Stat § 54-110.10 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 15A - Corporate Credit Union.|§ 54-110.10 - Applicability of Article.

 54-110.10. Applicability of Article.Nothing in this Article shall be construed as affecting the status of a central association formed prior to the enactment of this Article pursuant to former G.S. 54-110. For the purposes of this Article, the corporate credit union authorized by G.S. 54-110.3 shall be the central association in existence on June 8, 1983. (1983, c. 470.)
NC Gen Stat § 54-111 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 16 - Organization of Associations.|§ 54-111 - Nature of the association.

 54-111. Nature of the association.Any number of persons, not less than five, may associate themselves as a mutual association, society, company, or exchange, for the purpose of conducting any agricultural, housing (including apartment housing), horticultural, forestry, dairy, mercantile, mining, manufacturing, telephone, electric light, power, storage, refrigeration, flume, irrigation, water, sewerage, or mechanical business, or purchase, maintain and use fire-fighting equipment, or for any other lawful purpose, on the mutual plan. For the purposes of this Subchapter, the words association, company, corporation, exchange, society, or union shall be construed to mean the same; provided that the membership of agricultural organizations incorporated under this Subchapter shall consist of producers of agricultural products, handled by such organizations or by organizations owned and controlled by such producers. (1915, c. 144, s. 1; C.S., s. 5242; 1925, c. 179, ss. 1, 2; 1931, c. 447; 1949, c. 1042, ss. 1, 2(a); 1955, c. 746, s. 1; 1959, c. 991; 1985, c. 542, s. 1.)
NC Gen Stat § 54-112 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 16 - Organization of Associations.|§ 54-112 - Use of term restricted.

 54-112. Use of term restricted.No corporation or association hereafter organized or doing business for profit in this State shall be entitled to use the term "mutual" as part of its corporate or other business name or title, unless it has complied with the provisions of this Subchapter; and any corporation or association violating the provisions of this section may be enjoined from doing business under such name at the instance of any shareholder of any association legally organized under this Subchapter. (1915, c. 144, s. 18; C.S., s. 5243; 1925, c. 179, s. 1; 1945, c. 635.)
NC Gen Stat § 54-113 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 16 - Organization of Associations.|§ 54-113 - Articles of agreement.

 54-113. Articles of agreement.The persons desiring to organize such association shall sign and acknowledge written articles which shall contain the name of the association and the names and residences of the persons forming the same. Such articles shall also contain a statement of the purposes of the association and shall designate the city, town, or village where its principal place of business shall be located. The articles shall also state the amount of authorized capital stock, the number of shares authorized, and the par value of each. No shareholder in any corporation organized under this Subchapter shall be personally liable for any debt of the corporation. (1915, c. 144, s. 2; C.S., s. 5244; 1985, c. 542, s. 2.)
NC Gen Stat § 54-114 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 16 - Organization of Associations.|§ 54-114 - Certificate of incorporation.

 54-114. Certificate of incorporation.The original articles of incorporation of corporations organized under this Subchapter, or a true copy thereof, verified as such by the affidavits of two of the signers thereof, shall be filed with the Secretary of State. A like verified copy of such articles and certificate of the Secretary of State, showing the date when such articles were filed with and accepted by the Secretary of State, within 30 days of such filing and acceptance, shall be filed with and recorded by the register of deeds of the county in which the principal place of business of the corporation is to be located, and no corporation shall, until such articles be left for record, have legal existence. The register of deeds shall forthwith transmit to the Secretary of State a certificate stating the time when such copy was recorded. Upon a receipt of such certificate, the Secretary of State shall issue a certificate of incorporation. (1915, c. 144, s. 3; C.S., s. 5245; 1967, c. 823, s. 12.)
NC Gen Stat § 54-115 (2021)
2021 North Carolina General Statutes|Chapter 54 - Cooperative Organizations|Article 16 - Organization of Associations.|§ 54-115 - Fees for incorporation.

 54-115. Fees for incorporation.For filing the articles of incorporation of corporations organized under this Subchapter, there shall be paid the Secretary of State ten dollars ($10.00) and his fees allowed by law, and for the filing of an amendment to such articles, five dollars ($5.00) and his fees allowed by law: Provided, that when the authorized capital stock of such corporations shall be less than one thousand dollars ($1,000), such fee for filing either the articles of incorporation or amendments thereto shall be two dollars ($2.00). (1915, c. 144, s. 4; C.S., s. 5246; 1967, c. 823, s. 13.)