19A NCAC 03I .0702        CERTIFICATE OF DEPOSIT

A certificate of deposit may be executed and filed in lieu of a bond (Form SBTS‑607).  The certificate shall be in the principal sum of the bond it stands in lieu of as provided in Rule .0701 of this Section.

 

History Note:        Authority G.S. 20‑322 through 20‑324;

Eff. July 2, 1979;

Amended Eff. December 1, 1993; May 1, 1987; June 1, 1982.