§ 159-38. Local units authorized to accept their bonds in payment of certain claims and judgments.
Local governments and public authorities may accept their own bonds at par to settle certain claims or judgments tied to funds held in an insolvent bank, trust company, or savings and loan association.
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- Jurisdiction
- United States — North Carolina
- Instrument
- Act or statute
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- Language
- en
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debt settlement public finance
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§ 159-38. Local units authorized to accept their bonds in payment of certain claims and judgments.
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