87-63.1. Ownership of real property; equipment; liability insurance.
(a) The Board shall have the power to acquire, hold, rent, encumber, alienate, and otherwise deal with real property in the same manner as a private person or corporation, subject only to the approval of the Governor and the Council of State. Collateral pledged by the Board for an encumbrance is limited to the assets, income, and revenues of the Board.
(b) The Board may purchase or rent equipment and supplies and purchase liability insurance or other insurance to cover the activities of the Board, its operations, or its employees. (2009-333, s. 7.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 5 - Refrigeration Contractors.
§ 87-52 - State Board of Refrigeration Contractors; appointment; term of office.
§ 87-53 - Removal, qualifications and compensation of members; allowance for expenses.
§ 87-54 - Organization meeting; officers; seal; rules.
§ 87-55 - Regular and special meetings; quorum.
§ 87-56 - Record of proceedings and register of applicants; reports.
§ 87-57 - License required of persons, firms or corporations engaged in the refrigeration trade.
§ 87-58 - Definitions; contractors licensed by Board; examinations.
§ 87-59 - Revocation or suspension of license for cause.
§ 87-60 - Reissuance of revoked licenses; replacing lost or destroyed licenses.
§ 87-61 - Violations made misdemeanor; employees of licensees excepted.
§ 87-61.1 - Board may seek injunctive relief; retain counsel.
§ 87-62 - Only one person in partnership or corporation need have license.
§ 87-63 - License fees payable in advance; application of.
§ 87-63.1 - Ownership of real property; equipment; liability insurance.