§ 159-178. Duration of Commission's powers. - North Carolina Statutes

§ 159‑178. Duration of Commission's powers.

The power and authority granted to the Commission in this Article shallcontinue with respect to a defaulting unit of local government or municipalityuntil the Commission is satisfied that the unit or municipality has performedor will perform the duties required of it in the refinancing plan, and untilagreements made with the unit's or municipality's creditors have been performedin accordance with the plan. (1935, c. 124, s. 5; 1971, c. 780, s. 1; 1973, c. 494, s. 41; 1975, c.19, s. 62.)