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Type of deposits.

G.S. 58-5-20
in effect
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§ 58-5-20.  Type of deposits. The deposits required to be made under G.S. 58-5-5, 58-5-10, and 58-5-50 shall be composed of: (a) Interest-bearing bonds of the United States of America; (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.)
Source: North Carolina General Assembly (ncleg.gov)URL: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-5-20.htmlFetched: 10/19/2026

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