State Codes and Statutes
Statutes > North-carolina > Chapter_24 > GS_24-4§24‑4. Obligations due guardians to bear compound interest; rate ofinterest.
Guardians shall have power tolend any portion of the estate of their wards upon bond with sufficientsecurity, to be repaid with interest annually, and all the bonds, notes orother obligations which he shall take as guardian shall bear compound interest,for which he must account, and he may assign the same to the ward on settlementwith him. On loans made out of the estate of their wards, guardians may lend atany rate of interest not less than four percent per annum and not more thanthe maximum lawful rate. This section shall in no way limit or affect thepowers of guardians to make other investments which are now or may hereafter beauthorized or permitted by the laws, statutory or otherwise, of the State ofNorth Carolina. (1762, c. 69, P.R.; 1816, c. 925, P.R.; R.C., c. 54,s. 23; 1868‑9, c. 201, s. 29; Code, s. 1592; Rev., s. 1953; C.S., s.2308; 1943, c. 728; 1969, c. 1303, s. 4.)
