North Carolina § 159-76 - Validation of bonds and notes issued before March 26, 1931.
Full text of North Carolina North Carolina General Statutes § 159-76 — Validation of bonds and notes issued before March 26, 1931., with citation guidance and answers to common questions.
§ 159-76. Validation of bonds and notes issued before March 26, 1931.
All bonds and notes issued before March 26, 1931, for which the issuing unit received an amount of money not less than the face amount of the bonds or notes and the proceeds of which have been spent for public purposes, and all bonds and notes subsequently issued to refund all or any portion of those bonds or notes, are hereby validated notwithstanding any lack of statutory authority or failure to observe any statutory provisions concerning the issuance of the bonds or notes. This section shall not validate any bonds or notes, the proceeds of which have been lost because of the failure of a bank. History (1931, c. 186, s. 2; 1971, c. 780, s. 1; 1973, c. 494, s. 13.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 159-76
What does North Carolina General Statutes § 159-76 cover?
Section 159-76 ("Validation of bonds and notes issued before March 26, 1931.") 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 § 159-76?
A common citation format is "North Carolina General Statutes § 159-76" (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 § 159-76 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.