North Carolina § 115C-534 - (Repealed effective July 1, 2020) Duty to insure property.
Full text of North Carolina North Carolina General Statutes § 115C-534 — (Repealed effective July 1, 2020) Duty to insure property., with citation guidance and answers to common questions.
§ 115C-534. (Repealed effective July 1, 2020) Duty to insure property.
The board of every local school administrative unit in the public school system of this State, in order to safeguard the investment made in public schools, shall: Insure and keep insured to the extent of not less than seventy-five percent (75%) of the current insurable value as determined by the insurer and the insured of each of its insurable buildings against fire, lightning and the perils embraced in extended coverage. Insure and keep insured adequately the equipment and contents of said building. The tax-levying authority for each local school administrative unit shall appropriate funds necessary for compliance with the provisions of subsection (a). Willful failure to comply with the provisions of (a) and (b) above, is declared a Class 3 misdemeanor. Every 24 hours without such insurance constitutes a separate offense. History (1957, c. 1040; 1981, c. 423, s. 1; 1993, c. 539, s. 893; 1994, Ex. Sess., c. 24, s. 14(c); 2019-176, s. 3(c).) Article Repealed Effective July 1, 2020. - Session Laws 2019-176, s. 3(c), repealed this Article effective July 1, 2020. For new similar provisions, see Article 31A of Chapter 58 , G.S. 58-31A-1 et seq.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 115C-534
What does North Carolina General Statutes § 115C-534 cover?
Section 115C-534 ("(Repealed effective July 1, 2020) Duty to insure property.") 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 § 115C-534?
A common citation format is "North Carolina General Statutes § 115C-534" (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 § 115C-534 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.