2005 North Carolina Code - General Statutes § 58-5-20. Type of deposits.
§ 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.)
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