North Carolina § 159-38 Local units authorized to accept their bonds in payment of certain claims and judgments

North Carolina Statutes

§ 159-38 — Local units authorized to accept their bonds in payment of certain claims and judgments

North Carolina § 159-38

Ch. 159Local Government Finance

Art. 3The Local Government Budget and Fiscal Control Act

Subch. IIIBudgets and Fiscal Control

This text of North Carolina § 159-38 (Local units authorized to accept their bonds in payment of certain claims and judgments) 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. § 159-38 (2026).

Text

Any unit of local government or public authority may accept its own bonds, at par, in settlement of any claim or judgment that it may have against any person, firm, corporation, or association due to funds held in an insolvent bank, trust company, or savings and loan association. (1933, c. 376; 1971, c. 780, s. 1.)
Part 4. Public Hospitals.

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