North Carolina § 58-10-600 - Asset management agreements.
Full text of North Carolina North Carolina General Statutes § 58-10-600 — Asset management agreements., with citation guidance and answers to common questions.
§ 58-10-600. Asset management agreements.
An SPFC may enter into swap agreements, or other forms of asset management agreements, including guaranteed investment contracts, or other transactions that have the objective of leveling timing differences in funding of up-front or ongoing transaction expenses, or managing asset, credit, or interest rate risk of the investments to minimize the likelihood that the investments are not sufficient to assure payment or repayment of the securities, and related interest or principal payments, issued pursuant to an SPFC insurance securitization transaction, or the obligations of the SPFC under the SPFC contract. History (2013-116, s. 1; 2015-99, s. 1.) Effect of Amendments. - Session Laws 2015-99, s. 1, effective June 19, 2015, substituted "minimize the likelihood that the investments are not sufficient" for "ensure that the investments are sufficient" in the middle of this section.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-10-600
What does North Carolina General Statutes § 58-10-600 cover?
Section 58-10-600 ("Asset management agreements.") 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 § 58-10-600?
A common citation format is "North Carolina General Statutes § 58-10-600" (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 § 58-10-600 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.