N.C. Gen. Stat. § 1-348
Payment made to court; land sold on default
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
The payment must be made to the plaintiff, or into court for his use, and the land is bound therefor, and if the defendant fails to make the payment within or at the times limited therefor, the court may order the land sold and the proceeds applied to the payment of said value and interest, and any surplus to be paid to the defendant; but if the net proceeds are insufficient to satisfy the said value and interest, the defendant is not bound for the deficiency.
The payment must be made to the plaintiff, or into court for his use, and the land is bound therefor, and if the defendant fails to make the payment within or at the times limited therefor, the court may order the land sold and the proceeds applied to the payment of said value and interest, and any surplus to be paid to the defendant; but if the net proceeds are insufficient to satisfy the said value and interest, the defendant is not bound for the deficiency.
History
(1871-2, c. 147, s. 13; Code, s. 485; Rev., s. 664; C.S., s. 707.)
Legal Periodicals. - For article, "Mistaken Improvers of Real Estate," see 64 N.C.L. Rev. 37 (1985).
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.