§ 7A-112.1. Deposit of money held by clerks. - North Carolina Statutes

§ 7A‑112.1. Deposit of money held by clerks.

The clerk of superior court shall deposit any funds that he receives byvirtue of his office, except funds invested pursuant to G.S. 7A‑112, inan interest‑bearing checking account or accounts in a bank, savings andloan, or trust company licensed to do business in North Carolina, at themaximum feasible interest rate available taking into consideration prevailinginterest rates and the checking account services provided to the clerk's officeby the bank, savings and loan, or trust company. The funds deposited in suchchecking accounts shall be guaranteed to the same extent and in the same manneras funds invested pursuant to G.S. 7A‑112. (1985, c. 475, s. 1.)