PUBLISHED

N.C.G.S. § 159-38

Local units authorized to accept their bonds in payment of certain claims and judgments.

Effective date: 2026-08-09
Last verified: 2026-08-09
Source: official source
Revision history: view all versions

Any unit of local government or public authority may accept its own bonds, at par, in settlement of any claim or judgment that it may have against any person, firm, corporation, or association due to funds held in an insolvent bank, trust company, or savings and loan association. (1933, c. 376; 1971, c. 780, s. 1.)