North Carolina § 147-86 - 60. Restrictions on contracts with the State or subdivisions of the State.
Full text of North Carolina North Carolina General Statutes § 147-86 — 60. Restrictions on contracts with the State or subdivisions of the State., with citation guidance and answers to common questions.
§ 147-86. 60. Restrictions on contracts with the State or subdivisions of the State.
A company that is identified on a list created by the State Treasurer pursuant to G.S. 147-86.58 as a company engaging in investment activities in Iran is ineligible to contract with the State or any political subdivision of the State. Any contract entered into with a company that is ineligible to contract with the State or any political subdivision of the State is void ab initio. Existing contracts with companies made ineligible to contract with the State or any political subdivision of the State under this Article shall be allowed to expire in accordance with the terms of the contract. History (2015-118, s. 1; 2017-193, s. 3.5.) Editor's Note. - This section was enacted by Session Laws 2015-118, s. 1, as G.S. 143C-6A-6. It was renumbered at the direction of the Revisor of Statutes. Effect of Amendments. - Session Laws 2017-193, s. 3.5, effective October 1, 2017, substituted "company" or variant for "person" or variant throughout the section. Session Laws 2017-193, s. 3.6, effective October 1, 2017, substituted "company" or variant for "person" or variant throughout the section; in subsection (b) substituted "not be placed on the list developed pursuant to G.S. 147-86.58(1)" for "contract with the State or a political subdivision of the State" following "in investment activities in Iran may" in the first sentence, and substituted "annually" for "every 100 days" in the third sentence.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 147-86
What does North Carolina General Statutes § 147-86 cover?
Section 147-86 ("60. Restrictions on contracts with the State or subdivisions of the State.") 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 § 147-86?
A common citation format is "North Carolina General Statutes § 147-86" (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 § 147-86 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.