NORTH CAROLINA GENERAL ASSEMBLY
1963 SESSION

CHAPTER 1121
SENATE BILL 422

AN ACT TO AUTHORIZE THE INSURANCE COMMISSIONER TO ISSUE RULES, INSTRUCTIONS AND REGULATIONS FOR THE SUPERVISION, REGULATION AND OPERATION OF SAVINGS AND LOAN ASSOCIATIONS.

The General Assembly of North Carolina do enact:

Section 1.  Whenever in his judgment it may appear to be advisable, the Insurance Commissioner of this State is empowered to issue such rules, instructions and regulations as may be necessary or incident to the proper discharge of his duties and powers as to savings and loan associations for the supervision and regulation of said associations and for the protection of the public investing in said savings and loan associations.
Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.
Sec. 3.  This Act shall be in full force and effect from and after its ratification.
In the General Assembly read three times and ratified, this the 24th day of June, 1963.