{"data":{"id":"us-nc/n.c.-gen.-stat.-58-64a-120","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-64A-120","heading":"Investment of funds in escrow.","body":"(a)\tAll entrance fees and deposits subject to an escrow agreement under this Article shall be maintained by the escrow agent in one of the following manners:\n(1)\tInvestment in an interest-bearing account.\n(2)\tInvestment in instruments guaranteed by the federal government or an agency of the federal government.\n(3)\tInvestment in investment funds secured by federally guaranteed instruments.\n(b)\tAny investment shall not diminish the funds held in escrow below the amounts required by this Article. (2025-58, s. 2.)","path":["Chapter 58. Insurance.","Article 64A. Continuing Care Retirement Communities.","Part 4. Escrow Account."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-64A-120.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"4690bf460c0023d9518da5c16bcf2169b90ffb82d82c50a5c8bbb496cd53e9d6","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-64a-115","next":"us-nc/n.c.-gen.-stat.-58-64a-125"},"notice":"GroundRules: Original legal text. Not legal advice."}