2015 North Carolina General Statutes
Chapter 58 - Insurance.
Article 5 - Deposits and Bonds by Insurance Companies.
§ 58-5-30 - Power of attorney.
58-5-30. Power of attorney.
With the securities deposited in accordance with G.S. 58-5-5, 58-5-10, and 58-5-50 the company shall at the same time deliver to the Commissioner a power of attorney executed by its president and secretary or other proper officers authorizing the sale or transfer of said securities or any part thereof for the purpose of paying any of the liabilities provided for in this Article. (1945, c. 384; 1989, c. 485, s. 34; 1991, c. 720, s. 4.)
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