North Carolina § 157-57 - Obligations issued for projects made legal investments; security for public deposits.

Full text of North Carolina North Carolina General Statutes § 157-57 — Obligations issued for projects made legal investments; security for public deposits., with citation guidance and answers to common questions.

§ 157-57. Obligations issued for projects made legal investments; security for public deposits.

Bonds or other obligations issued by a housing authority for a project developed or administered pursuant to this Article shall be security for public deposits and legal investments to the same extent and for the same persons, institutions, associations, corporations, bodies and officers as bonds or other obligations issued pursuant to Article 1 of this Chapter for the development of a slum clearance or housing project for persons of low income. History (1941, c. 63, s. 5.)

Source: official North Carolina text · Last verified 2026-08-27

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Frequently Asked Questions About North Carolina § 157-57

What does North Carolina General Statutes § 157-57 cover?

Section 157-57 ("Obligations issued for projects made legal investments; security for public deposits.") 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 § 157-57?

A common citation format is "North Carolina General Statutes § 157-57" (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 § 157-57 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.