§ 159D-51. Bonds or notes eligible for investment. - North Carolina Statutes

§ 159D‑51.  Bondsor notes eligible for investment.

Bonds or notes issued under the provisions of this Article aresecurities in which all public officers and public bodies of the State and itspolitical subdivisions, and all insurance companies, trust companies, bankingassociations, investment companies, executors, administrators, trustees andother fiduciaries may properly and legally invest funds, including capital intheir control or belonging to them. These bonds or notes are securities whichmay properly and legally be deposited with and received by any State ormunicipal officer or any agency or political subdivision of the State for anypurpose for which the deposit of bonds, notes or obligations of this State isauthorized by law. (1985 (Reg. Sess.,1986), c. 794, s. 17; 2000‑179, s. 2.)