North Carolina General Statutes § 115C-493 When only income from fund expended

Where the donor of said pledges, gifts, donations, and devises so provides, the board of trustees shall keep the principal of such gift or gifts intact and only the income therefrom may be expended.  (1961, c. 970; 1981, c. 423, s. 1; 2011-284, s. 80.)

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Last modified: March 23, 2014