N.C. Gen. Stat. § 58-5-20
Type of deposits
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
The deposits required to be made under G.S. 58-5-5, 58-5-10, and 58-5-50 shall be composed of:
The deposits required to be made under G.S. 58-5-5, 58-5-10, and 58-5-50 shall be composed of:
(1) Interest-bearing bonds of the United States of America;
(1) Interest-bearing bonds of the United States of America;
(2) Interest-bearing bonds of the State of North Carolina, or of its cities or counties; or
(2) Interest-bearing bonds of the State of North Carolina, or of its cities or counties; or
(3) Certificates of deposit issued by any solvent bank domesticated in the State of North Carolina.
(3) Certificates of deposit issued by any solvent bank domesticated in the State of North Carolina.
History
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.