Except as otherwise provided in this Article, each provision of this Article applies whether the lessor or a third party has title to the goods, and whether the lessor, the lessee, or a third party has possession of the goods, notwithstanding any statute or rule of law that possession or the absence of possession is fraudulent.
N.C. Gen. Stat. § 25-2A-302
Title to and possession of goods
Known as the Uniform Commercial Code
The act spans §§ 25-1-101 to 25-9-710 (616 sections).
1993, c. 463, s. 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.