Notwithstanding anything in this Article to the contrary, any purchaser or purchasers at a sale of real or personal property of the authority whether pursuant to any foreclosure of a mortgage, pursuant to judicial process or otherwise, shall obtain title subject to any contract between the authority and a government relating to the supervision by a government of the operation and maintenance of such property and the construction of improvements thereon.
N.C. Gen. Stat. § 157-22
Title obtained at foreclosure sale subject to agreement with government
Known as the Housing Authorities Law
The act spans §§ 157-1 to 157-9.4 (61 sections).
1935, c. 456, s. 22.
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.