North Carolina § 116-209 - 10. Bonds eligible for investment.
Full text of North Carolina North Carolina General Statutes § 116-209 — 10. Bonds eligible for investment., with citation guidance and answers to common questions.
§ 116-209. 10. Bonds eligible for investment.
Bonds issued by the Authority under the provisions of this Article are hereby made securities in which all public officers and public bodies of the State and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities which may properly and legally be deposited with and received by any State or municipal officer or any agency or political subdivision of the State for any purpose for which the deposit of bonds or obligations of the State is now or may hereafter be authorized by law. History (1967, c. 1177.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 116-209
What does North Carolina General Statutes § 116-209 cover?
Section 116-209 ("10. Bonds eligible for investment.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 116-209?
A common citation format is "North Carolina General Statutes § 116-209" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 116-209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.