NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

CHAPTER 496

SENATE BILL 801

AN ACT TO AMEND THE AUTHORITY OF CLERKS OF SUPERIOR COURT TO INVEST FUNDS IN THE HANDS OF THE CLERK.

The General Assembly of North Carolina enacts:

Section 1. G.S. 7A-112(a)(4) as the same appears in the 1974 Cumulative Supplement to Volume 1B of the North Carolina General Statutes is hereby amended by inserting after the word "thereof" and before the period in line 7 the following language: "or by any mutual deposit guaranty association authorized by the administrator of the savings and loan division of North Carolina to do business in North Carolina pursuant to Article 7A of Chapter 54 of the General Statutes."

Sec. 2.  G.S. 7A-112(a)(4) as the same appears in the 1974 Cumulative Supplement to Volume 1B of the North Carolina General Statutes is hereby amended by inserting after the word "thereof" in line 10 and before the comma the following language: "or by any mutual deposit guaranty association authorized by the administrator of the savings and loan division of North Carolina to do business in North Carolina pursuant to Article 7A of Chapter 54 of the General Statutes."

Sec. 3.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 9th day of June, 1975.