The North Carolina Memo re: Default --Revised:12/2015 is a document issued by the North Carolina Department of the Treasury outlining the state's policy regarding defaulted bonds. It provides guidance on the management of defaulted bonds, the process of making payments on them, and the procedures for dealing with delinquent accounts. The memo also sets out the state's policy on the foreclosure of defaulted bonds, the collection of defaulted bond payments, and the issuance of replacement bonds. There are two types of defaulted bonds that the memo covers: general obligation bonds and revenue bonds. General obligation bonds are backed by the full faith and credit of the state, while revenue bonds are secured by the debt service of the issuer.
North Carolina Memo re: Default --Revised:12/2015)
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Memo re: Default --Revised:12/2015)
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North Carolina's criminal statute of limitations is two years for most misdemeanors, and there is no statute of limitations for felonies or crimes classified as "malicious" misdemeanors.
In North Carolina, Section 1-52.1 of the North Carolina Rules of Civil Procedure explains the statute of limitations for debts is 3 years for auto and installment loans, promissory notes, and credit cards. The statute of limitations in North Carolina for private student loans is also three years.
§ 164-1. This revision shall be known as the "General Statutes of North Carolina" and may be cited in either of the following ways: "General Statutes of North Carolina"; or "General Statutes"; or "G.S."; or "N.C. Gen. Stat."; or "N.C.G.S." (1985, c. 609, s. 6.)
?In re? is the abbreviation for ?in the matter of,? ?petition of,? ?application of,? and the like. These cases might involve the probate of a will or a bankruptcy proceeding. Ex: In the Matter of the Will Jane L. Lester is cited In re Will of Lester.
A parallel citation is when reported cases are found in one of several reporters with a volume and page number. i For example: 213 volume Mich App reporter 389 first page, 401 page cited.
Short Citation Forms Name of the case (underlined or italicized and abbreviated ing to Rule 10.2) Volume of the reporter. Reporter abbreviation. Pinpoint citation to specific page referenced preceded by "at"
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