State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_131A > GS_131A-17

§131A‑17.  Bonds or notes eligible for investment.

Bonds or notes issued underthe provisions of this Chapter are hereby made securities in which all publicofficers and public bodies of the State and its political subdivisions, allinsurance companies, trust companies, banking associations, investmentcompanies, executors, administrators, trustees and other fiduciaries mayproperly and legally invest funds, including capital in their control orbelonging to them. Such bonds or notes are hereby made securities which mayproperly and legally be deposited with and received by any State or municipalofficer or any agency or political subdivision of the State for any purpose forwhich the deposit of bonds, notes or obligations of the State is now or mayhereafter be authorized by law. (1975, c. 766, s. 1.)