N.C. Gen. Stat. § 1-339.36
Private sale; upset bid; subsequent procedure; defaulting bidder
Redline — September 1, 2021 → current.View current text →
Current — June 1, 2022
As of September 1, 2021
(1) Every private sale of real or personal property, except a sale of personal property as provided by G.S. 1-339.34, is subject to an upset bid on the same conditions and in the same manner as is provided by G.S. 1-339.25.
(1) Every private sale of real or personal property, except a sale of personal property as provided by G.S. 1-339.34, is subject to an upset bid on the same conditions and in the same manner as is provided by G.S. 1-339.25.
(2) When an upset bid is made for property sold at private sale, subsequent procedure with respect to the upset bid is the same as for upset bids submitted in connection with real property sold at public sale, except that the notice of any resale of personal property held pursuant to an order granted under G.S. 1-339.27A need not be published in a newspaper but shall be posted as provided by G.S. 1-339.17.
(2) When an upset bid is made for property sold at private sale, subsequent procedure with respect to the upset bid is the same as for upset bids submitted in connection with real property sold at public sale, except that the notice of any resale of personal property held pursuant to an order granted under G.S. 1-339.27 A need not be published in a newspaper but shall be posted as provided by G.S. 1-339.17.
(3) Subsections (e) and (f) of G.S. 1-339.30 apply to a defaulting bidder in a private sale.
(3) Subsections (e) and (f) of G.S. 1-339.30 apply to a defaulting bidder in a private sale.
History
(1949, c. 719, s. 1; 2001-271, s. 9; 2021-91, s. 2(a).)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.