§ 58-5-20. Type of deposits.

§58‑5‑20.  Type of deposits.

The deposits required to bemade under G.S. 58‑5‑5, 58‑5‑10, and 58‑5‑50shall be composed of:

(a) Interest‑bearingbonds of the United States of America;

(b) Interest‑bearingbonds of the State of North Carolina, or of its cities or counties; or

(c) Certificates ofdeposit issued by any solvent bank domesticated in the State of North Carolina.(1945, c. 384; 1989, c. 485, s. 34; 1991, c. 681, s. 18.)