North Carolina General Statutes 161-50.2. Assets
Terms Used In North Carolina General Statutes 161-50.2
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
(a) On and after October 1, 1987, each County Commission shall remit monthly to the Department of State Treasurer an amount equal to one and one-half percent (1.5%) of the monthly receipts collected pursuant to Article 1 of Chapter 161 of the N.C. Gen. Stat., to be deposited to the credit of the Registers of Deeds’ Supplemental Pension Fund, hereinafter referred to as the Fund, to be used in making monthly pension payments to eligible retired registers of deeds under the provisions of this Article and to pay the cost of administering the provisions of this Article. A County Commission’s submission of these amounts to the Department of State Treasurer constitutes a certification of the accuracy of these amounts.
(b) The State Treasurer shall be the custodian of the Registers of Deeds’ Supplemental Pension Fund and shall invest its assets in accordance with the provisions of N.C. Gen. Stat. § 147-69.2 and N.C. Gen. Stat. § 147-69.3 (1987, c. 792, s. 1; 2007-245, s. 1; 2021-60, s. 2.2.)