§ 142-93. Investment eligibility. - North Carolina Statutes

§ 142‑93.  Investmenteligibility.

Special indebtedness aresecurities or obligations in which all of the following may invest, includingcapital in their control or belonging to them: public officers, agencies, andpublic bodies of the State and its political subdivisions; insurance companies,trust companies, investment companies, banks, savings banks, savings and loanassociations, credit unions, pension or retirement funds, and other financialinstitutions engaged in business in the State; and executors, administrators,trustees, and other fiduciaries. Special indebtedness are securities orobligations that may properly and legally be deposited with and received by anyofficer or agency of the State or political subdivision of the State for anypurpose for which the deposit of bonds, notes, or obligations of the State orany political subdivision of the State is now or may later be authorized bylaw. (2003‑284,s. 46.2; 2003‑314, s. 1; 2004‑203, s. 79.)