§ 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.)