North Carolina General Statutes Chapter 159E Registered Public Obligations Act

• N.C. Gen. Stat. § 159E-1.   Short title
  This Chapter may be cited as the "Registered Public Obligations Act." (1983, c. 322, s. 1.)
• N.C. Gen. Stat. § 159E-2.   Definitions
  As used in this Chapter, the following terms have the following meanings, unless the context otherwise requires: (1) "Authorized officer" means any individual required...
• N.C. Gen. Stat. § 159E-3.   Declaration of State interest; purposes
  (a) The Code provides that interest with respect to certain obligations may not be exempt from federal income taxation unless they are in registered...
• N.C. Gen. Stat. § 159E-4.   Systems of registration
  (a) Each issuer, with the approval of the Commission, is authorized to establish and maintain a system of registration with respect to each obligation...
• N.C. Gen. Stat. § 159E-5.   Certificated registered public obligations; execution; authentication
  (a) A certificated registered public obligation shall be executed by the issuer by the manual or facsimile signature or signatures of authorized officers. Any...
• N.C. Gen. Stat. § 159E-6.   Certificated registered public obligation; signatures
  (a) Any certificated registered public obligation signed by the authorized officers at the time of the signing thereof shall remain valid and binding, notwithstanding...
• N.C. Gen. Stat. § 159E-7.   Certificated registered public obligation; seal
  When a seal is required or permitted in the execution of any certificated registered public obligation, an authorized officer may cause the seal to...
• N.C. Gen. Stat. § 159E-8.   Agents; depositories
  (a) An issuer, with the approval of the Commission, may appoint for such term as may be agreed, including for so long as a...
• N.C. Gen. Stat. § 159E-9.   Costs; collection
  (a) An issuer, prior to or at original issuance of registered public obligations, may provide as a part of a system of registration that...
• N.C. Gen. Stat. § 159E-10.   Security for deposits
  Obligations issued by public entities under the laws of one or more states, territories, or possessions of the United States, the Commonwealth of Puerto...
• N.C. Gen. Stat. § 159E-11.   Public records; locations
  (a) Records, with regard to the ownership of or security interests in registered public obligations, are not subject to inspection or copying under any...
• N.C. Gen. Stat. § 159E-12.   Applicability; determination
  (a) Unless at any time prior to or at original issuance of a registered public obligation the official or official body of the issuer...
• N.C. Gen. Stat. § 159E-13.   Construction
  This Chapter shall be construed in conjunction with the Uniform Commercial Code and the principles of contract law relative to the registration and transfer...
• N.C. Gen. Stat. § 159E-14.   Amendment or repeal; effect
  The State hereby covenants with the owners of any registered public obligations that it will not amend or repeal this Chapter if the effect...
• N.C. Gen. Stat. § 159E-15.   Severability
  If any provision or the application of any provision of this Chapter shall be invalid, such shall not affect the validity of other provisions...

Last modified: March 23, 2014