North Carolina § 147-86.60 Restrictions on contracts with the State or subdivisions of the State

North Carolina Statutes

§ 147-86.60 — Restrictions on contracts with the State or subdivisions of the State

North Carolina § 147-86.60

Ch. 147State Officers

Art. 6EIran Divestment Act

This text of North Carolina § 147-86.60 (Restrictions on contracts with the State or subdivisions of the State) 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. § 147-86.60 (2026).

Text

(a)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.

(b)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.

(c)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. (2015-118, s. 1; 2017-193, s. 3.5.)

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(a) 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.
(b) 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.
(c) 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. (2015-118, s. 1; 2017-193, s. 3.5.)