§ 58-5-110. Registration of bonds deposited in name of Treasurer or Commissioner. - North Carolina Statutes

§58‑5‑110.  Registration of bonds deposited in name of Treasurer orCommissioner.

The Commissioner is herebyempowered, upon the written consent of any insurance company depositing withthe Commissioner or the State Treasurer under any law of this State, any state,county, city, or town bonds or notes which are payable to bearer, to cause suchbonds or notes to be registered as to the principal thereof in lawful books ofregistry kept by or in behalf of the issuing state, county, city or town, suchregistration to be in the name of the Treasurer of North Carolina or theCommissioner in trust for the company depositing the notes or bonds and theState of North Carolina, as their respective interest may appear, and isfurther empowered to require of any and all such companies the filing ofwritten consent to such registration as a condition precedent to the right ofmaking any such deposit or right to continue any such deposit heretofore made. (1925,c. 145, s. 2; 1945, c. 384; 1985, c. 666, s. 58; 1991, c. 720, s. 4.)