North Carolina Statutes
§ 117-23 — Purchase and cancellation of bonds
North Carolina § 117-23
This text of North Carolina § 117-23 (Purchase and cancellation of bonds) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.C. Gen. Stat. § 117-23 (2026).
Text
A corporation shall have power out of any funds available therefor to purchase any bonds issued by it at a price not exceeding the principal amount thereof and accrued interest thereon. All bonds so purchased shall be canceled. (1935, c. 291, s. 18.)
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Nearby Sections
15
§ 117-10
Formation authorized§ 117-10.1
Municipal franchises§ 117-10.2
Restriction on municipal service§ 117-14
Powers of board§ 117-15
Certificates of membership§ 117-16.1
Discrimination prohibited§ 117-17
General grant of powers§ 117-18
Specific grant of powers§ 117-18.1
Subsidiary business activities§ 117-19
Taxes and assessmentsCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 117-23, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/117/117-23.