North Carolina General Statutes 58-5-20. Type of deposits
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The deposits required to be made under N.C. Gen. Stat. § 58-5-5, 58-5-10, and 58-5-50 shall be composed of:
(a) Interest-bearing bonds of the United States of America;
Terms Used In North Carolina General Statutes 58-5-20
- 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
- United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
(b) Interest-bearing bonds of the State of North Carolina, or of its cities or counties; or
(c) Certificates of deposit 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.)