N.C. Gen. Stat. § 20-58.8
Applicability of §§ 20-58 to 20-58.8; use of term "lien"
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) Repealed by Session Laws 2000, c. 169, s. 30, effective July 1, 2001.
(1) Repealed by Session Laws 2000, c. 169, s. 30, effective July 1, 2001.
(2) The provisions of G.S. 20-58 through 20-58.8 inclusive shall not apply to or affect: A lien given by statute or rule of law for storage of a motor vehicle or to a supplier of services or materials for a vehicle;
(2) The provisions of G.S. 20-58 through 20-58.8 inclusive shall not apply to or affect: A lien given by statute or rule of law for storage of a motor vehicle or to a supplier of services or materials for a vehicle;
(3) A lien arising by virtue of a statute in favor of the United States, this State or any political subdivision of this State; or
(3) A lien arising by virtue of a statute in favor of the United States, this State or any political subdivision of this State; or
(4) A security interest in a vehicle created by a manufacturer or by a dealer in new or used vehicles who holds the vehicle in his inventory.
(4) A security interest in a vehicle created by a manufacturer or by a dealer in new or used vehicles who holds the vehicle in his inventory.
(5) When the term "lien" is used in other sections of this Chapter, or has been used prior to October 1, 1969, with reference to transactions governed by G.S. 20-58 through 20-58.8, to describe contractual agreements creating security interests in personal property, the term "lien" shall be construed to refer to a "security interest" as the term is used in G.S. 20-58 through 20-58.8 and the Uniform Commercial Code.
(5) When the term “lien” is used in other sections of this Chapter, or has been used prior to October 1, 1969, with reference to transactions governed by G.S. 20-58 through 20-58.8, to describe contractual agreements creating security interests in personal property, the term “lien” shall be construed to refer to a “security interest” as the term is used in G.S. 20-58 through 20-58.8 and the Uniform Commercial Code.
History
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.