§ 159-140. Bonds or notes eligible for investment. - North Carolina Statutes

§ 159‑140.  Bondsor notes eligible for investment.

Subject to the provisions of G.S. 159‑30, bonds or notes issuedunder the provisions of this Chapter are hereby made securities in which allpublic officers and public bodies of the State and its political subdivisionsand agencies and all insurance companies, trust companies, investmentcompanies, banks, savings banks, building and loan associations, savings andloan associations, credit unions, pension or retirement funds, other financialinstitutions engaged in business in the State, executors, administrators,trustees and other fiduciaries may properly and legally invest funds, includingcapital in their control or belonging to them. Such bonds or notes are herebymade securities which may properly and legally be deposited with and receivedby any State or municipal officer or any agency or politicial subdivision ofthe State for any purpose for which the deposit of bonds, notes or obligationsof the State is now or may hereafter be authorized by law. (1977, c. 403.)