N.C. Gen. Stat. § 159-38

Current through Session Law 2024-58

Section 159-38 - Local units authorized to accept their bonds in payment of certain claims and judgments

Any unit of local government or public authority may accept its own bonds, at par, in settlement of any claim or judgment that it may have against any person, firm, corporation, or association due to funds held in an insolvent bank, trust company, or savings and loan association.

1933, c. 376; 1971, c. 780, s. 1.