N.C. Gen. Stat. § 156-53
Payment of bonds enforced
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
Upon default of the payment of the interest or principal of such bonds, the holders of the bonds of the corporations organized under this Subchapter shall have a right to enforce the lien created by G.S. 156-52 by civil actions in the superior courts of the State.
Upon default of the payment of the interest or principal of such bonds, the holders of the bonds of the corporations organized under this Subchapter shall have a right to enforce the lien created by G.S. 156-52 by civil actions in the superior courts of the State.
History
(1908, c. 75, s. 2; C.S., s. 5311.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.