§ 147-80. Deposit in other banks unlawful; liability. - North Carolina Statutes

§147‑80.  Deposit in other banks unlawful; liability.

It shall be unlawful for anyfunds of the State to be deposited by any person, institution, or department oragency in any place or bank or trust company, other than those so selected anddesignated as official depositories of the State of North Carolina by the StateTreasurer, and any person so offending or aiding and abetting in such offenseshall be guilty of a Class 1 misdemeanor and any person so offending or aidingand abetting in such offense shall also immediately become civilly liable tothe State of North Carolina in the amount of the money or funds unlawfullydeposited, and, at the instance of the State Treasurer, or at the instance ofthe Governor, the Attorney General shall forthwith institute the civil actionin the name of the State of North Carolina against such person or persons,either in the courts of Wake County, according to their respectivejurisdiction, or in the county in which said unlawful deposit has been made,according to the selection made by the officer requesting the institution ofsuch action, for the purpose of recovering the amount of the money sounlawfully deposited, with interest thereon at six percent (6%) per annum, andfor the cost of said action, and the court in which said action is tried mayalso tax, as a part of the cost in said action, to the use of the State ofNorth Carolina, a sum sufficient to reimburse the State of North Carolina forall expense incidental to or connected with the preparation and prosecution ofsuch action. (1925, c. 128, s. 3; 1993, c. 539, s. 1057; 1994, Ex.Sess., c. 24, s. 14(c).)