§ 58-5-25. Replacements upon depreciation of securities.
63 words·~1 min read·
/nc/chapter-58/58-5-25A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 58-5-25. Replacements upon depreciation of securities.
Whenever any of the securities deposited by companies under the provisions of G.S. 58-5-5, 58-5-10, and 58-5-50 shall be depreciated or reduced in value, such company shall forthwith increase the deposit in order to maintain the required deposit in accordance with the amounts required by the said sections. (1945, c. 384; 1989, c. 485, s. 34.)