§ 116-209.8. Remedies. - North Carolina Statutes

§ 116‑209.8. Remedies.

Any holder of bonds issued under the provisions of this Article or anyof the coupons appertaining thereto, except to the extent the rights hereingiven may be restricted by such resolution authorizing the issuance of suchbonds, may either at law or in equity, by suit, action, mandamus or otherproceeding, protect and enforce any and all rights under the laws of the Stateor granted hereunder or under such resolution authorizing the issuance of suchbonds, or under any contract executed by the Authority pursuant to thisArticle, and may enforce and compel the performance of all duties required bythis Article or by such resolution to be performed by the Authority or by anyofficer thereof, including the fixing, charging and collecting of fees, chargesand premiums and the collection of principal, interest and penalties, if any,on student loans or obligations evidencing such loans. The Authority mayprovide in any trust agreement securing the bonds that any such rights may beenforced for and on behalf of the holders of bonds by the trustee under suchtrust agreement. (1967, c. 1177;1971, c. 392, s. 9.)