NC General Statutes
N.C. Gen. Stat. § 54-69 (2026)
Bonds as payment
✓ laws through the 2026 session (checked Oct. 2026)
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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.)