State Codes and Statutes
Statutes > North-carolina > Chapter_87 > GS_87-63_1§ 87‑63.1. Ownership ofreal property; equipment; liability insurance.
(a) The Board shallhave the power to acquire, hold, rent, encumber, alienate, and otherwise dealwith real property in the same manner as a private person or corporation,subject only to the approval of the Governor and the Council of State.Collateral pledged by the Board for an encumbrance is limited to the assets,income, and revenues of the Board.
(b) The Board maypurchase or rent equipment and supplies and purchase liability insurance orother insurance to cover the activities of the Board, its operations, or itsemployees. (2009‑333,s. 7.)
