Timeliness of notification before disposition of collateral
Known as the Uniform Commercial Code
The act spans §§ 25–25 (616 sections).
Applied in 1 court decision — leading case 199 N.C. App. 731 - Commercial Credit Group, Inc. v. Barber (2009)
Most recently applied in 199 N.C. App. 731 - Commercial Credit Group, Inc. v. Barber (September 2009)
2000-169, s. 1.
(a) Reasonable time is question of fact. - Except as otherwise provided in subsection (b) of this section, whether a notification is sent within a reasonable time is a question of fact.
(b) Ten-day period sufficient in nonconsumer transaction. - In a transaction other than a consumer transaction, a notification of disposition sent after default and 10 days or more before the earliest time of disposition set forth in the notification is sent within a reasonable time before the disposition.
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.