North Carolina § 116-41 - 6. Pledge of revenues; lien.
Full text of North Carolina North Carolina General Statutes § 116-41 — 6. Pledge of revenues; lien., with citation guidance and answers to common questions.
§ 116-41. 6. Pledge of revenues; lien.
All pledges of revenues under the provisions of this Part shall be valid and binding from the time such pledges are made. All such revenues so pledged shall immediately upon receipt thereof be subject to the lien of such pledge without any physical delivery thereof or further action, and the lien of such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the University, irrespective of whether such parties have notice thereof. History (1961, c. 1078, s. 6.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 116-41
What does North Carolina General Statutes § 116-41 cover?
Section 116-41 ("6. Pledge of revenues; lien.") 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 § 116-41?
A common citation format is "North Carolina General Statutes § 116-41" (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 § 116-41 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.