§ 58-5-20. Type of deposits.
75 words·~1 min read·
/nc/chapter-58/58-5-20A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 58-5-20. Type of deposits.
The deposits required to be made under G.S. 58-5-5, 58-5-10, and 58-5-50 shall be composed of:
(a)Interest-bearing bonds of the United States of America;
(b)Interest-bearing bonds of the State of North Carolina, or of its cities or counties; or
(c)Certificates of deposit issued by any solvent bank domesticated in the State of North Carolina. (1945, c. 384; 1989, c. 485, s. 34; 1991, c. 681, s. 18.)