GENERAL ASSEMBLY OF NORTH CAROLINA
1987 SESSION
CHAPTER 18
The General Assembly of North Carolina enacts:
Section 1. G.S. 105-113.86 is amended as follows:
(1) by deleting the phrase ", secured by a corporate surety," each time it appears in that section; and
(2) by rewriting the second sentences of subsections (a) and (b) to read:
"The bond shall be conditioned on compliance with this Article, shall be payable to the State, shall be in a form acceptable to the Secretary, and shall be secured by a corporate surety or by a pledge of obligations of the federal government, the State, or a political subdivision of the State."
Sec. 2. This act is effective upon ratification.
In the General Assembly read three times and ratified this the 18th day of March, 1987.