NORTH CAROLINA GENERAL ASSEMBLY
1961 SESSION
CHAPTER 1071
SENATE BILL 325
AN ACT TO AMEND G.S. 58‑254.8 WITH REFERENCE TO CERTAIN KINDS OF SECURITY FOR PAYMENT OF DEBTS.
The General Assembly of North Carolina do enact:
Section 1. G.S. 58‑254.8, as the same presently appears in Replacement Volume 2B of the General Statutes of North Carolina, is hereby amended by adding the following sentence at the end thereof:
"The amount of credit accident and health insurance written shall not exceed the installment payment."
Sec. 2. All laws and clauses of laws in conflict with this Act are hereby repealed.
Sec. 3. This Act shall become effective September 1, 1961.
In the General Assembly read three times and ratified, this the 21st day of June, 1961.