NORTH CAROLINA GENERAL ASSEMBLY

1973 SESSION

 

 

CHAPTER 683

HOUSE BILL 1038

 

 

AN ACT TO AMEND G.S. 55-50 SO AS TO EXEMPT REGULATED INVESTMENT COMPANIES.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 55-50(h) is hereby amended and rewritten to read as follows:

"(h)       The provisions of the foregoing subsections shall not apply to banks, insurance companies, and investment companies registered under the Investment Company Act of 1940."

Sec. 2.  This act shal become effective upon ratification.

In the General Assembly read three times and ratified, this the 22nd day of May, 1973.