§ 159B-21. Bonds eligible for investment. - North Carolina Statutes

§ 159B‑21.  Bondseligible for investment.

Bonds issued by a municipality or joint agency under the provisions ofthis Chapter are hereby made securities in which all public officers andagencies of the State and all political subdivisions, all insurance companies,banking associations, investment companies, executors, administrators, trusteesand other fiduciaries may properly and legally invest funds, including capitalin their control or belonging to them. Such bonds are hereby made securitieswhich may properly and legally be deposited with and received by any officer oragency of the State or any political subdivision for any purpose for which thedeposit of bonds or obligations of the State or any political subdivision isnow or may hereafter be authorized by law. (1975, c. 186, s. 1.)