Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this Article with regard to rights and obligations apply whether title to collateral is in the secured party or the debtor.
N.C. Gen. Stat. § 25-9-202
Title to collateral immaterial
Known as the Uniform Commercial Code
The act spans §§ 25–25 (616 sections).
Applied in 2 court decisions — leading case Coode v. M & J Financial Corp. (In Re Boling) (1981)
Most recently applied in In re Jeff Benfield Nursery, Inc. (January 2017)
1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000-169, 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.