In the event the amount of the final judgment is less than the amount deposited by the Department of Transportation pursuant to the provisions of this Article, the Department of Transportation shall be entitled to recover the excess of the amount of the deposit over the amount of the final judgment and court costs incident thereto: Provided, however, in the event there are not sufficient funds on deposit to cover said excess the Department of Transportation shall be entitled to a judgment for said sum against the person or persons having received said deposit.
N.C. Gen. Stat. § 136-121
Refund of deposit
Applied in 1 court decision — leading case 260 N.C. App. 135 - City of Charlotte v. Univ. Fin. Props., LLC (2018)
Most recently applied in 260 N.C. App. 135 - City of Charlotte v. Univ. Fin. Props., LLC (July 2018)
1959, c. 1025, s. 2; 1973, c. 507, s. 5; 1977, c. 464, s. 7.1.
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.