§ 159E-9. Costs; collection. - North Carolina Statutes

§ 159E‑9.  Costs;collection.

(a)        An issuer, prior to or at original issuance of registeredpublic obligations, may provide as a part of a system of registration that thetransferor or transferee of the registered public obligations pay all or adesignated part of the costs of the system as a condition precedent totransfer, that costs be paid out of proceeds of the registered publicobligations, or that both methods be used. The portion of the costs of thesystem not provided to be paid for by the transferor or transferee or out ofproceeds shall be the responsibility of the issuer. Moneys for the discharge ofthis responsibility may be appropriated annually.

(b)        The issuer may as a part of the system of registrationprovide for reimbursement or for satisfaction of its responsibility for costsby others. The issuer may enter into agreements with others respecting suchreimbursement or satisfaction, may establish fees and charges pursuant to suchagreements or otherwise, and may provide that the amount or estimated amount ofsuch fees and charges shall be reimbursed or satisfied from the same sourcesand by means of the same collection and enforcement procedures and with thesame priority and effect as with respect to the obligation. (1983, c. 322, s. 1.)