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NORTH CAROLINA STATUTES AND CODES
§ 115C-493. When only income from fund expended.
§ 115C‑493. Whenonly income from fund expended.
Where the donor of said pledges, gifts, donations, devises and bequestsso provides, the board of trustees shall keep the principal of such gift orgifts intact and only the income therefrom may be expended. (1961, c. 970; 1981, c. 423, s. 1.)
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