GroundRules
N.C. Gen. Stat. § 54-69: Bonds as payment.
Where this section sits in the code
- Chapter 54. Cooperative Organizations.
- SUBCHAPTER II. LAND AND LOAN ASSOCIATIONS.
- Article 8. Organization and Powers.
If the association gives notice to a debtor for repayment of the mortgage loan the latter must pay to the association in cash or in its bonds at par the face of the same so far as it has not yet been covered by his assets in the amortization and payments. (1925, c. 223, s. 21.)
Collected 2026-08-27T18:05:32Z. Source file · JSON