North Carolina Administrative Code
Title 20 - STATE TREASURER
Chapter 07 - COLLATERALIZATION OF DEPOSITS
Section .0300 - ESCROW OF SECURITIES
Section 07 .0301 - ELIGIBLE ESCROW AGENTS
Current through Register Vol. 39, No. 6, September 16, 2024
All securities pledged to secure public deposits shall be deposited either:
(1) with a Federal Reserve Bank or a Federal Home Loan Bank or a branch thereof pursuant to Rule .0302 of this Section; or
(2) with a national or state-chartered bank which is not an affiliate of the depository and which has the authority to conduct a trust business pursuant to Rule .0303 of this Section.
Authority
G. S.
115C-444(b);
147-79;
159-31(b);
Eff. August 1, 1980;
Readopted Eff. February 1, 1982;
Amended Eff. April 1, 1994;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. April 5,
2016.